Sonatrach & the Tunisian Company STEG Renew Their Contract until 2027

Source: www.gulfoilandgas.com 6/18/2020, Location: Africa

The national oil company Sonatrach and the Tunisian Electricity and Gas Company (STEG) have decided to renew the contract to buy and sell natural gas for eight years, until 2027, the group said.

The two partners concluded “an addendum to the contract for the purchase and sale of natural gas of March 3, 1997 relating to the renewal of the said contract for eight years, ie until 2027, with the possibility of extension of 2 years”, clarified the same source.

The Sonatrach group and STEG also decided to "increase the contract volume by 20% from 2025 in order to secure the expected increase in consumption in this strategic market", added the press release.

"This agreement will allow Sonatrach to consolidate its position as the main supplier of natural gas to Tunisia in a very competitive market environment and to STEG to secure its supply of natural gas," said the group's press release. SONATRACH.

In this context, the two companies welcomed the outcome of these negotiations and the signing of this endorsement, it was concluded from the same source. (APS)

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects


Norway >>  9/20/2021 - Equinor and its partners have received permission to increase gas exports from two fields on the the Norwegian continental shelf to supply the tight E...
Romania >>  9/17/2021 - OMV Petrom, the largest energy company in South-Eastern Europe, delivered the first LNG to Damen Shipyards Mangalia, the largest shipyard in south-eas...

Chile >>  9/14/2021 - HAM Chile, a subsidiary of HAM Group, has been the company in charge, together with Empresas Lipigas, of the design, construction and commissioning of...
Australia >>  9/13/2021 - - New Otway Basin Gas Sales Agreement signed for all developed and uncontracted volumes
- Existing Sole Gas Sales Agree...


Brazil >>  9/13/2021 - Petrobras and Gerdau signed a contract for the supply of natural gas in the free trade environment to serve the Gerdau unit, located in Ouro Branco/...
Japan >>  9/13/2021 - INPEX CORPORATION (INPEX) announced that it has made carbon neutral arrangements for a shipment of liquefied natural gas (LNG) from the INPEX-operated...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.