Algeria to export 85 bn cm of LNG by 2010

Mar 21, 2004 01:00 AM

Energy and Mining Minister Chakib Khelil pointed out that Sonatrach's objective by the year 2010 is to expert 85 bn cm of LNG to meet the progress of the world gas demand.
Speaking at the opening of the 14th international conference and exhibition on LNG, which got under way in the Qatari capital, Khelil specified that the development of Algeria's southern deposits shall provide additional gas quantities required for this strategic objective.

Algeria's gas exports, he went on, have doubled in the last ten years, moving from 32 bn cm in 1994 to 60 bn in 2003, 40 % of which is LNG.
"Arzew's new liquefaction train (Gassi Touil project), the new gas pipelines (Medgaz and Galsi) and the expansion of the transcontinental pipelines (Duran Farrel, via Morocco and Spain, and Enrico Mattei, via Tunisia and Italy), shall provide the necessary infrastructure for producing and transporting gas to various markets," he underscored.

He put forward that Algeria was ranked second after Indonesia in terms of LNG production capacity and second LNG exporter in the world.
"Algeria's export capacity (gas pipelines and liquefaction), early in the first half of the current decade, shall reach 95 bn cmpy," an increase of 50 % of the current capacities, he went on.
He also put forward that Algeria is destined for playing a central role in the world LNG configuration. He underscored on the opening day of the LNG 14, set to last for five days, that Algeria's geographical position make of it "a privileged crossroad for developing the LNG industry."

He also recalled that under the recent partnership agreement with British Petroleum (Isle of Graine), "Algeria will be able to return to the British market and to reinforce its position in the Atlantic." Besides, "through its contribution in the upstream gas field of Camisea in Peru, Algeria can use the option to export LNG toward the American west coast," he went on.
He also reminded that Sonatrach signed with Statoil "an LNG sales agreement for an ex-ship volume of 1 bn cm," which shall help the corporation strengthen its position on the US gas market, he went on.
"Partnership is an effective lever for developing the oil and gas sector in Algeria," Khelil further declared, adding that the latter "has developed and diversified in the past three years thanks to the generalisation of new more efficient procedures when signing contracts."

Source: Algerie Presse Service
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