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

SED Energy Holdings and Ventura Offshore Set to Combine Ops

Iran Tightens Enforcement of Strait of Hormuz Transit Rules

Mermaid Maritime Expands Into US Offshore Market

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

ABL Gets Papua New Guinea FSO Job

Hormuz Crossings Decline as US Renews Iran Blockade

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

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

ASCO Sets Up Shop in Qatar to Drive Middle East Expansion

Current News

SED Energy Holdings and Ventura Offshore Set to Combine Ops

Asia's Oil Industry Braces for Prolonged Hormuz Disruption

Petronas Awards Estuary Cluster PSC to Harvester Energy

ABS Backs Hanwha Ocean’s Standardized FPSO Design

Larsen & Toubro Adds Major ONGC Offshore Project to Orderbook

Energean’s Profit Rises as Israeli Gas Operations Recover

Saipem Bags Commissioning Contract for Türkiye-Bound FPU

Oil Jumps as Houthi Strikes Disrupt Saudi Energy Operations

Petronas Turns to AI to Accelerate Upstream Investment

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

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