LNG

Algerian national energy company and LNG producer Sonatrach said a contract worth $4 billion had been signed relating to supplying the European Union with natural gas through further development along with European and US oil and gas majors of blocks 404 and 208 of the Berkine Basin in Eastern Algeria.

Sonatrach, the Algerian state energy company and LNG exporter, said it was putting into service on January 4 the compression system booster of the Medgaz natural gas pipeline from Algeria to Spain and Portugal.