Total and Sonatrach extend LNG partnership
Published by Tom Mostyn,
Editorial Assistant
Hydrocarbon Engineering,
Total and Sonatrach have signed an agreement to renew their partnership in the field of LNG.
This agreement notably allows to extend the existing supply contracts for 3 additional years in order to provide 2 million tpy of Algerian LNG to the French market, primarily through an LNG terminal at Fos Cavaou. The agreement also includes the sub-charter of an LNG tanker of Total by Sonatrach.
“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,” said Laurent Vivier, President Gas of Total.
Total has been a historic player in the energy sector in Algeria for almost 70 years. The group is active in oil and gas exploration and production (participating interests in the TFT II and Timimoun gas fields and in the oil fields of the Berkine basin), as well as in LNG through supply contracts with Sonatrach. The group is also active in the marketing of lubricants and bitumens. In addition, Total and Sonatrach have launched engineering studies for a petrochemical project in Western Algeria.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/26062020/total-and-sonatrach-extend-lng-partnership/
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