Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Algeria discovers new gas field in southwest

    Algeria discovers new gas field in southwest

    May 28, 2019
    Share
    Facebook Twitter LinkedIn WhatsApp
    gas fieldAlgiers — Algeria has made an important gas discovery in the southwest province of Tindouf, Energy Minister Mohamed Arkab said on Monday, which could help the country boost exports and maintain its market share abroad.

    Algeria is a major gas supplier to Europe but rising domestic consumption and a failure to increase production in recent years have threatened its export volumes.

    “This field has positive indications. It has the capacity to produce some 275 cubic metres of gas and nearly 300 litres of condensate per hour,,” Arkab told state news agency APS as he visited the new field.

    “The discovery of gas, for the fist time in this province, represents an important phase for the economy.” He did not say when the field might start production.

    Arkab said state energy firm Sonatrach would make further evaluations of the field’s capacity.

    Algeria, which produces about 135 billion cubic metres of gas a year, has started to renew supply contracts with European clients as current contracts are due to expire by the end of this year or in early 2020.

    Algeria’s economy relies heavily on gas and crude oil, and the government has drafted a new energy law offering incentives to investors in a bid to attract foreign firms.

    Many foreign investors have stayed away in the past years, citing unattractive contract terms and bureaucracy.

    • Reuters

    Related News

    NGML boosts gas supply capacity with 44MMscf/d deal

    ‘AKK gas pipeline will revive Northern industries, spur economic growth’

    De-risking Nigeria’s midstream for private investment

    E-book
    Resilience Exhibition

    Latest News

    NGML boosts gas supply capacity with 44MMscf/d deal

    July 25, 2025

    Nigeria eyes West Africa’s refined products market

    July 25, 2025

    ‘AKK gas pipeline will revive Northern industries, spur economic growth’

    July 25, 2025

    DisCos raise remittance rate to 95.86% despite revenue challenges

    July 25, 2025

    NNPCL, Nembe E&P explore strategic alliance to boost Nigeria’s energy sector

    July 25, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.