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Sonatrach Signed Contract for Sale of Natural Gas

Source: www.gulfoilandgas.com 7/31/2011, Location: Africa

The national company Sonatrach and the Office National de l'Electricité (ONE), a public institution responsible for generation, transmission and distribution of electricity in Morocco in Algiers, the signing of a contract of sale and purchase of Algerian natural gas through the pipeline Gazoduc Pedro Duran Farell (GPDF), linking gas fields in Algeria to the Iberian Peninsula via Morocco.

The commercial contract covers the delivery of a volume of 0.64 billion m3 per year over a period of 10 years. Natural gas will be for food for two CCGT power of the ONE, that of Ain Beni Mathar of 470 MW and that of Tahaddart a capacity of 385 MW.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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