Enel, Algeria Negotiate Natural Gas Contracts
Enel is negotiating new natural gas contracts with Algeria to replace current contracts set to expire soon
Enel is negotiating new natural gas contracts with Algeria to replace current contracts set to expire soon
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.
Sonatrach, Algeria’s state-owned oil and gas company, announced that it plans to invest $2 billion in the Hassi Rmel natural gas field.
Algeria expects oil and gas production to increase by 6.5% in 2018.
Sonatrach plans to bring online a $1 billion natural gas project at the Reggane natural gas field this year.
Algeria reported a 19% increase in its oil and gas exports during the first three quarters of 2017.
Algeria’s state-owned energy company, Sonatrach, is considering forming joint ventures with trading companies to market its natural gas.
Algeria plans to reform its energy laws by the end of 2018.
KBR will provide engineering and management services for two Algerian gas fields.
Key governmental officials have called for changes to Algeria’s energy regulations to bolster investment.