Middle East Economic Survey

VOL. XLIX

No 12

20-March-2006

ALGERIA

Spanish Firms And Sonatrach Agree Gassi Touil LNG Project

Spains Repsol YPF and Gas Natural on 14 March signed a joint venture agreement with Sonatrach creating a company to construct and operate a 4mn tons/year LNG train and terminal as part of the $3bn Gassi Touil gas project. Participation in the new company, Sociedad de Licuefaccion (SDL), is: Repsol Exploration Algeria (48%); Gas Natural Exploration (32%); and Holding Sonatrach...