Algeria’s Sonatrach, India’s Larsen & Toubro ink $1 billion gas plant deal

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State-owned company Sonatrach has inked a $1 billion contract with India’s Larsen & Toubro to build plants to produce 11 million cubic metres of gas per day, Sonatrach’s CEO said on Monday.

 

“The project shows that we still have gas and we can raise output in the coming few years,” Sonatrach’s Abdelmoumene Ould Kaddour told reporters.

As a reminder, Algeria’s gas output was 135 billion cubic metres for whole in 2018.

 

Reuters

 

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