International
Sonatrach and Total Renew LNG Agreement
Published on : 2020-06-28
Sonatrach, Algeria’s state oil and gas concern, and the French energy major Total have concluded an agreement to renew their partnership in the field of liquefied natural gas (LNG) for an additional three year, Sonatrach announced in a statement on Thursday.
This agreement will supply the French market with 2 million tonnes per annum of Algerian LNG, with deliveries to the LNG terminal at Fos Cavaou.
The two parties stressed the importance of this agreement which “is part of the long history of cooperation between Sonatrach and Total.”
Commenting on this agreement, Sonatrach CEO Toufik Hakkar said that his firm “confirms its status as a reliable partner, respecting its contractual commitments and enjoying a certain credibility on the international energy market.”
