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Algeria, Turkey Agree to Extend Gas Agreement

Source: aps.dz 1/5/2013, Location: Africa

Algeria and Turkey have decided to extend their natural gas agreement for another 10 years starting from 2014, announced Saturday here Minister of Energy and Mining Youcef Yousfi.

"Algeria signed an agreement in 1988 with Turkey to buy four billion cubic metres of liquefied natural gas per year and which is due to end in 2014.

SONATRACH and BOTAS (the Turkish pipeline company) have decided to extend this agreement for another 10 years with the possibility to increase the volume of the exported gas," Yousfi said following his meeting with the Turkish Minister of Energy and Natural Resources Taner Yildiz, who arrived Saturday to Algiers.

Yousfi underlined that the officials of Sonatrach and Botas have already defined the terms and conditions for the implementation of the new agreement.

The two ministers also discussed the strengthening of bilateral cooperation, especially in the field of renewable energy and energy efficiency.

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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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