Middle East Economic Survey
VOL. XLVIII
No 48
28-November-2005
ALGERIA
Sonatrach Reserves Up To 5 BCM/Y At Oxys Planned Texas LNG Import Terminal
Algerias state-owned Sonatrach signed a non-binding letter of intent with Occidental Petroleum on 19 November to reserve up to half of the capacity at Oxys planned Ingleside Energy LNG import terminal in Texas. The agreement gives Sonatrach the right to use 2.5-5 bcm/y (240-480mn cfd) of capacity at the terminal over a 20-year period. The letter of intent...
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