Sonatrach joins seven Spanish companies to form consortium Reganosa

Jul 21, 2000 02:00 AM

Algerian Sonatrach announced it has joined seven Spanish companies to form a consortium called Reganosa to build and operate a natural gas treatment plant in Spain's Galicia region. Sonatrach said it will finance 15 % of the $ 200-mm project and provide an annual 2.5 bn cm of gas for 20 years.
Building works, which are scheduled to start in 2001, include the construction of a terminal to receive LNG, including a plant which will convert LNG into pure natural gas. A 95 km pipeline system will also form part of the project.
Sonatrach said the pipeline system would allow the transport of 60 % of the plant's output to two Spanish power plants owned by Endesa and Union Fenosa, both shareholders in the consortium. The group also plans to connect the plant to the Spanish gas network.

Production, which is expected to start in 2004, will utilise the Spanish port facilities of El Ferrol since tankers of Algerian gas are expected to unload there, APS said, quoting a joint statement. The project is part of Sonatrach's strategy to develop its geographical scope by committing to oil and gas exploration and production projects around the world. The consortium said the project would also help promote electricity production in the Galicia region.

Source: Bridge News via Newspage
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