rss icon Subscribe
desktop mobile

Sonatrach Eyes More Vessels to Boost Asia Gas Sales

(Photo: Sonatrach)

Posted by Michelle Howard

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

Feb 12, 2018

 

Fuels & Lubes

CMA CGM Sets Surcharge to Offset Fuel Price Surge

Photo: CMA CGM

French shipping group CMA CGM said on Friday it would introduce an exceptional surcharge after its

Maersk Line Introduces Bunker Surcharge

File Image: CREDIT Maersk

The world's largest container shipping company Maersk Line is increasing prices because of a surge

New Maritime Fuel Rules: Scrubber Solutions

A Wärtsilä V-SOx Scrubber being installed on board the MV Tarago. [Photo: Wärtsilä]

Earlier this year in New York City the Exhaust Gas Cleaning System Association (EGCSA) held its

Offshore Energy

Odfjell Wins Drilling Contract from Equinor

Simen Lieungh, CEO Odfjell Drilling, and Geir Tungesvik, senior vice president for Drilling & Well, with a model of the Deepsea Atlantic drilling rig. Photo: Kjetil Eide, Equinor

Equinor has awarded Odfjell a contract for drilling two times three production wells for the Fram

JW Fishers Pipe Tracking Made Easy

Photo: JW Fisher

What do modern day people and ancient Egyptians have in common? You guessed it; underground

Total, Novatek Pact for Arctic LNG 2 Project

Image: Total

In the presence of the President of the Russian Federation, Vladimir Putin, and the President of

Maritime Apps