Sonatrach awards Indian firm L&T $1bn Algeria gas facilities contract

Indian engineering giant Larsen & Toubro has won a large contract from Algeria’s Sonatrach for gas processing facilities required for the country’s south-western onshore gas fields development project, with the contract valued at about $1 billion.

While L&T did not disclose the value of the contract, it described the project in a statement as “Mega”, which denotes a value upwards of 7000 crores.

L&T said the engineering, procurement and construction contract aims to set up three central processing facilities at the Hassi Ba Hamou and Reg Mouaded field, the Hassi Tidjerane field and the Tinerkouk field.

Sonatrach’s chief executive Abdelmoumen Ould Kaddour also confirmed the development and told media that the company has signed a $1 billion contract with L&T to build gas plants for producing 11 million cubic metres of gas per day.

Source: Upstream

Share

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...