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: Tankers Ship Sales Fuels & Lubes LNG Vessels Offshore Energy

Related Stories

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Floating Wind and the Taming of Subsea Spaghetti

MCDermott Gets Pipelines and Cables Job at Qatar's Giant Gas Field

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

China's First Purpose-built Offshore Wind SOVs Delivered

Indonesia Green Lights Eni Gas Projects

The Mounting Offshore Oil & Gas Decommissioning Cost

MOL Increases Stake in MODEC

A Hydrogen Balancing Act in Offshore Energy

Heat Drives Asian LNG Spot Price Spike

Current News

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

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