Sonatrach, Sinopec ink LNG cooperation deal

Algeria’s Sonatrach and China’s Sinopec have signed a deal to collaborate in a number of areas, including LNG.

The duo signed a memorandum of understanding on Thursday in Algiers to expand their partnership and to work together on new opportunities, according to a Sonatrach statement.

Under the deal, Sonatrach and Sinopec will identify joint investment opportunities in hydrocarbon exploration and production projects, integrating co-operation in the field of LNG and petrochemicals in Algeria but also abroad, the statement said.

In addition, the memorandum strengthens their partenersip in Algeria’s Zarzaitine oil field in southern Illizi Basin.

The agreement looks to extend the operating life of Zarzaitine beyond 2023, according to Sonatrach.

Algeria became the world’s first LNG producer in 1964 when the Arzew facility came online.

According to GIIGNL data, Algeria has currently about 25.3 mtpa operational LNG export capacity at the Arzew and Skikda facilities, both operated by Sonatrach. Most of Algeria’s LNG lands in Turkey, France, and Italy.

- Advertisements -

Most Popular

Report: Egypt’s EGAS charters Hoegh LNG’s FSRU

The Egyptian Natural Gas Holding Company (EGAS) has chartered Hoegh LNG's floating storage regasification and storage unit, Hoegh Galleon,...

Equinor says nobody injured after leak at Hammerfest LNG

Norway’s Equinor has confirmed that there were no injuries following a hydrocarbon leak at its 4.3 mtpa Hammerfest LNG...

Glenfarne’s Texas LNG inks new deal with EQT

US natural gas producer EQT has entered into a second heads of agreement for liquefaction services from Texas LNG’s...

More News Like This

Update: Australia Pacific LNG ships 1000th cargo

Australia Pacific LNG, the operator of the 9 mtpa liquefied natural gas export facility on Curtis Island near Gladstone,...

Algeria’s Sonatrach says new Skikda jetty gets first large LNG carrier

Algeria’s Sonatrach has received the first large liquefied natural gas (LNG) carrier at the new jetty in Skikda. According to...

UK’s Grain LNG, Algeria’s Sonatrach ink 10-year capacity deal

National Grid's Grain LNG signed a ten-year deal with Algeria’s LNG producer Sonatrach that will extend the latter's storage...

Australia Pacific LNG pens new domestic gas deal

Australia Pacific LNG, the operator of the 9 mtpa LNG export facility on Curtis Island near Gladstone, has signed...