
Sinopec to Construct $179 million LNG Storage Tank in Algeria
China’s Sinopec has signed an agreement with Algeria’s national oil company Sonatrach for the construction of a new LNG storage tank at the Skikda facility.
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China’s Sinopec has signed an agreement with Algeria’s national oil company Sonatrach for the construction of a new LNG storage tank at the Skikda facility.
A new analysis by Rystad Energy states that Africa’s LNG exports are set to triple by 2040, that is if specific challenges can be addressed.
Algerian gas supply to Italy could mitigate the current gas disruption by Russia.
A recent report published by IHS Markit identifies the two global superpowers as the top LNG exporters and importers in 2022, owing to the U.S.’ expansion in liquefaction capacity and China’s surging gas demand.
The state-owned oil company is seeking to renew national reserves and preserve energy security.
Operations resume after maintenance work at the plant.
Sonatrach will deliver 2 mtpa of LNG to the French market.
Mozambique to become one of the top ten biggest LNG producers worldwide in mid-2020.
French oil major is the new operator of the Mozambique LNG project.
The deal is conditioned to Occidental’s proposed acquisition of Anadarko.