Sonatrach Looks to Up Gas Exports by 20 mcm/d

Sonatrach Looks to Up Gas Exports by 20 mcm/d
Algeria’s failure to attract international interest in its upstream gas sector means it faces a supply crunch. (Sonatrach)

Sonatrach will be able to increase its exports of natural gas by 20 million cubic meters per day (mcm/d) to meet increased winter demand, the company’s CEO, Abdelmoumene Ould Kaddour, stated on Monday, according to Al Arabiya.

“We need to make sure we are ready to meet our clients’ urgent demands during winter,” Ould Kaddour said, according to Al Arabiya.

The 20 mcm/d will come from recaptured flared gas, according to the newspaper.

Algeria’s production of oil and natural gas is projected to fall by 2.7% this year, according to Reuters. The government has been taking steps to increase its production of natural gas, most recently announcing a $2 billion investment in its Hassi Rmel field.

Gas exports for the year are expected to drop 5.2% to 54 bcm, down from 57 bcm in 2016, according to Al Arabiya.

The government has announced plans to reform its energy laws to make the country more hospitable to international investment and expects energy production to increase by 6.5% next year.

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password