Algerian state-run energy company Sonatrach will be able to export an additional 20 million cubic metres per day of gas to meet urgent demand during the winter, its CEO said on Monday.
The additional volumes will be from captured flared gas.
Hassi Messaoud, the country’s largest oilfield, produces 60 million cubic metres per day of associated gas.
“We need to make sure we are ready to meet our clients’ urgent demands during winter,” Sonatrach’s CEO Abdelmoumene Ould Kaddour told reporters.
Sonatrach had previously said it had been unable to meet an urgent demand for gas from French company Engie during the 2016 winter.
Algeria’s gas exports are expected to be 54 billion cubic metres in 2017, compared with 57 billion in 2016, Sonatrach has said.
Algeria urges OPEC decision to stabilize oil price12 member states produce around a third of world’s oil, and their decisions have global impact on prices Energy
Algeria plans bank privatizations as oil money dries upAlgeria plans to allow its dominant state banks to list on the local stock exchange to help develop its financial markets and diversify sources Banking & Finance
Algeria energy minister sees consensus on need to steady oil priceNoureddine Bouterfa was speaking after meeting his Saudi counterpart Khalid al-Falih and OPEC Secretary-General Mohammed Barkindo in Paris on Friday Energy
Total files arbitration against Algeria on oil tax changeNewspaper Le Monde reported on Saturday that Total and its Spanish partner Repsol had initiated litigation at the International Court of Arbitration Energy