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...