Sonatrach to renew Engie contract

By Staff reporter 9 March 2017

Algeria’s Sonatrach will renew a deal with Engie to supply 10 billion cubic metres per year of LNG, a source at Sonatrach has told Reuters.

The deal is likely to be signed before the end of March, according to the news agency, and will will replace a recently expired contract.

The duration of the new contract is not yet known, but Algeria recently decided to negotiate shorter-term contracts. Most of Algeria’s contracts will end in 2018-2019.

"Sonatrach reviews its long-term contracts to adapt to the market....

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up