News Formal

Algeria, TotalEnergies sign new contracts to boost gas output | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Algeria's state oil company Sonatrach said Sunday it had signed contracts to boost gas production under an existing agreement worth about $740 million with French giant TotalEnergies. | News24_Business

The companies will increase output from two Sahara desert fields in southeastern Algeria, for export to France and elsewhere in Europe, the company said in a statement.

Under existing contracts the companies exploit the Tin Fouye-Tabankort area's TFT II and TFT South fields to produce gas, liquefied petroleum gas and condensate. It added that"the development investments of the second agreement, TFT South, are estimated at $407 million, with a recovery of 11.5 billion cubic metres of gas, 1.3 million tons of condensate and 1.6 million tons LPG".

The agreements also extend commitments between Sonatrach and TotalEnergies for the purchase and sale of liquified natural gas, the statement added without providing figures.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 4. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Algeria's Sonatrach says it honors all gas contracts with Spain -company chiefAlgerian state energy producer Sonatrach has honored all gas contracts with Spain, whatever the circumstances, Chief Executive Tewfik Hakkar said on Monday.
Herkunft: ReutersAfrica - 🏆 31. / 53 Weiterlesen »