Sonatrach Eyes More Vessels to Boost Asia Gas Sales

Posted by Michelle Howard
Monday, February 12, 2018
Algeria will acquire more vessels to transport gas to Asia as it eyes increased sales in that region, the chief executive of state energy firm Sonatrach said on Monday.

"With Russia and the U.S., gas competition is tough," Abdelmoumen Ould Kaddour told reporters during a visit to the Hassi Messaoud oilfield. "Europe are our traditional clients but we need to secure the Asian markets to sell our gas."

He gave no details.

Kaddour also said Sonatrach's oil drilling in Algeria's southern neighbour Niger, where a Sonatrach unit was awarded a production-sharing deal in 2015, had been "satisfying" so far.

Oil was found in the Kafra region, some 80 km (50 miles) from the Algerian border, he said. A Sonatrach executive will visit Niger next week to discuss expanding drilling, officials said.

Niger is one of Africa's newest oil producers and has awarded exploration contracts as part of a drive to attract a broader range of investors into its nascent oil industry.
 
Reporting by Lamine Chikhi; Writing by Ulf Laessing
Categories: Fuels & Lubes Offshore Energy Vessels LNG Ship Sales Tankers

Related Stories

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

ABL Gets Papua New Guinea FSO Job

Hormuz Traffic Falls to Five-Week Low as Tensions Escalate

ADNOC Launches Global LNG Trading Powerhouse

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

ASCO Sets Up Shop in Qatar to Drive Middle East Expansion

Explosion at Qatar's Ras Laffan LNG Hub Injures 54, Leaves 18 Missing

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Current News

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com