Algerian Sonatrach and French Total have renewed their partnership in liquefied natural gas (LNG) for a further three years, according to a press release.
The contract will afford Sonatrach the chance to sell 2 million tonnes of Algerian LNG to France for another three years. The bulk of the sales will be transported to the LNG terminal at Fos Cavaou, France. The agreement also includes the sub-charter of an LNG tanker of Total by Sonatrach.
Commenting on the contract extension, Laurent Vivier, President Gas of Total, said, “This agreement is part of the long history of cooperation between Total and Sonatrach. Thanks to the quality of our relationship we were able to conclude it in an extremely volatile market environment. This new contract further enhances the flexibility of Total’s LNG portfolio and strengthens our position as a major partner of Sonatrach.”
Total and Sonatrach share a long track record of cooperation and this contract renewal represents the latest step in their bilateral relations.