Two British Companies Eyeing Listing on Casablanca Stock Exchange
Two British companies, Sound Energy and Predator Oil & Gas, listed on the London Stock Exchange, are considering listing on the Casablanca Stock Exchange. With market capitalizations of £14.30 million and £22.64 million, respectively, these companies are attracted to the Moroccan market, which is experiencing significant growth with a rising MASI (Moroccan All Shares Index) and strong demand from investors.
Moroccan Stock Exchange Ambitions
The Casablanca Stock Exchange, which currently has 77 listed companies, aims to reach 300 listings by 2035. Several state-owned enterprises are expected to go public, encouraging private sector companies to follow suit.
Gas Production and Listing Timelines
Sound Energy's listing on the Casablanca Stock Exchange is expected to coincide with the production of liquefied natural gas (LNG) in late 2025, a first for the kingdom. Meanwhile, Predator Oil & Gas plans to drill wells this year, targeting daily production of 400 million cubic feet of natural gas. The company is currently seeking financing for its investments and contracts with local buyers for its expected natural gas production.
Morocco's Natural Gas Production
Morocco's current natural gas production stands at approximately 100 million cubic meters per year from small fields in the west of the country. The country imports the remaining 1 billion cubic meters per year from the international market via a pipeline with Spain. The kingdom aims to adopt natural gas as a transition energy source while increasing clean energy projects. Coal remains the primary source of electricity production, making this a significant development.
