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Algeria’s Sonatrach signs $1 bln gas plant deal with India

The Sonatrach headquarters in Algiers, Algeria [File photo]

Algeria’s Sonatrach has signed 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, says Reuters.

“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.

Algeria’s gas output was 135 billion cubic metres for whole in 2018.

READ: Algeria cuts oil production by 25,000 bpd

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