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Sonatrach & Total Renew Their LNG Agreement

Source: www.gulfoilandgas.com 6/25/2020, Location: Africa

SONATRACH and Total have signed an agreement renewing their partnership in the field of liquefied natural gas (LNG) for a further three (03) years.

This agreement will supply the French market with Algerian LNG up to 2 million tonnes / year, deliveries will be made in priority 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, Mr. Toufik Hakkar, CEO of SONATRACH said that:

"SONATRACH confirms its status as a reliable partner, respecting its contractual commitments and enjoying a certain credibility on the international energy market".

The quality of the relations between the two historic partners made it possible to conclude this agreement in an extremely volatile market context. It opens the way to deepening the partnership relationship between SONATRACH and Total in various fields in the mutual interest of the two parties.

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