Sound Energy Secures $2.2 Million Financing for Tendrara Gas Project in Morocco

Sound Energy PLC announced it has secured a EUR1.3 million loan and raised GBP500,000, totaling approximately USD2.2 million, to support the Tendrara gas project in Morocco. The gas gathering system has been fully tested and commissioned, with commercial gas sales expected to begin in Q3 2026. The loan will provide working capital until LNG revenue is received.

Published Mar 21, 2026

Sound Energy PLC has secured financing totaling approximately USD2.2 million, including a EUR1.3 million term loan facility with an international investment bank and GBP500,000 raised through the issuance of new shares. The Tendrara gas gathering system in Morocco has been fully tested and commissioned, with LNG sales anticipated to start in early Q3 2026.

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The loan carries an interest rate of 20% per 120 days. This funding is aimed at strengthening the company's balance sheet and advancing energy projects in Morocco.