Sonatrach seeks more vessels to boost Asia gas sales

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The chief executive of state energy firm Sonatrach said, on Monday, that Algeria will acquire more vessels to transport gas to Asia; as it eyes increased sales in that region.

“With Russia and the US, gas competition is tough”, Abdelmoumen Ould Kaddour told reporters during a visit to the Hassi Messaoud oilfield.

“Europe are our traditional clients but we need to secure the Asian markets to sell our gas”.

While, the same official gave no details.

Mr. Kaddour also said Sonatrach’s oil drilling in Algeria’s southern neighbour Niger, where a Sonatrach unit was awarded a production-sharing deal in 2015, had been “satisfying” so far.

Oil was found in the Kafra region, some 80 km (50 miles) from the Algerian border, he said.

A Sonatrach executive will visit Niger, next week, to discuss expanding drilling, officials stressed.

Samira SALAH

Reuters

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