Exploration & Production

Neptune’s Touat project due online early next year

Neptune Energy’s Touat gas development in Algeria is 93% complete, with first gas expected by the end of H1 2019.
By Staff reporter 3 December 2018 0 33529

UK-based independent Neptune Energy’s Touat gas development in Algeria is 93% complete, with first gas expected by the end of H1 2019, the company has announced in its Q3 results.

The company is still building facilities around the project, which will produce 4.5 billion cubic metres of gas and 630,000 barrels of condensate per year at its peak.

The project’s startup was originally planned for 2016 but was repeatedly delayed by then-operator Engie.

Following the €4.7 billion ($5.3 billion) divestment of a...