Sonatrach, Sinopec sign $179mn LNG tank deal
Algerian state-run energy company Sonatrach on February 17 signed a 25bn dinar ($179mn) contract with China’s Sinopec for the construction of a new LNG storage tank, state news agency APS reported.
The storage tank with a capacity of 150,000 m3 will be constructed at the Skikda gas export terminal in eastern Algeria. The project is expected to be completed in 40 months.
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The project also includes the supply and installation of equipment for the connection of the future ferry to the new LNG loading system of the project in the progress of the new pier dedicated to the extension of the oil port of Skikda. This will allow, according to Sonatrach, to ensure the removal and rotation of LNG ships dedicated to export, APS reported.