Skip to main content

Total and Sonatrach extend their partnership in LNG

Published by , Editor
LNG Industry,


Total and Sonatrach have signed an agreement to renew their partnership in the field of LNG. This agreement notably allows to extend the existing supply contracts for three additional years in order to provide 2 million tpy of Algerian LNG to the French market, primarily through an LNG terminal at Fos Cavaou. The agreement also includes the sub-charter of an LNG tanker of Total by Sonatrach.

“This agreement is part of the long history of co-operation between Total and Sonatrach. Thanks to the quality of our relationship we were able to conclude it in an extremely volatile market environment. This new contract further enhances the flexibility of Total's LNG portfolio and strengthens our position as a major partner of Sonatrach,” said Laurent Vivier, President Gas of Total.

Total in Algeria

Total has been a historic player in the energy sector in Algeria for almost 70 years. The group is active in oil and gas exploration and production (participating interests in the TFT II and Timimoun gas fields and in the oilfields of the Berkine basin), as well as in LNG through supply contracts with Sonatrach. The group is also active in the marketing of lubricants and bitumens. In addition, Total and Sonatrach have launched engineering studies for a petrochemical project in Western Algeria.

Total, second largest private global LNG player

Total is the second-largest private global LNG player, with an overall portfolio of approximately 50 million tpy by 2025 and a worldwide market share of 10%. With over 34 million t of LNG sold in 2019, the Group has solid and diversified positions across the LNG value chain. Through its stakes in liquefaction plants located in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the UAE, the US, Australia or Angola, the Group sells LNG in all markets.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/25062020/total-and-sonatrach-extend-their-partnership-in-lng/

You might also like

Pampa Energía joins Pan American Energy's LNG project

Pampa Energía will become the second largest shareholder in Pan American Energy’s project that will enable LNG exports through the installation of a liquefaction vessel in the Gulf of San Matías, in the province of Río Negro.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

African LNG news