New Algerian LNG Capacity Faces Lack Of Gas
Algeria is set to bring on 9.2mn tons/year of LNG export capacity over the next year. But delays to field development, rising subsidy-fueled domestic consumption and the onset of decline at the giant Hassi R'Mel field mean additional export volumes will be far lower. Sonatrach says it is looking for sales deals for the “extra volumes” but has been in no rush to conclude any. The state giant...