Sonatrach issued the following announcement on June 25.

The national hydrocarbon company SONATRACH and the French group Total have concluded an agreement renewing, for a period of three (03) additional years, their partnership in the field of liquefied natural gas (LNG), the company said on Thursday in a communicated.

This agreement will supply the French market with Algerian LNG up to two (2) million tonnes / year, she said, adding that deliveries will be made in priority to the LNG terminal at Fos Cavaou.

The two parties stressed the importance of this agreement which “is part of the long history of cooperation between SONATRACH and Total”.

Commenting on this agreement, Mr. Toufik Hakkar, CEO of SONATRACH said that "SONATRACH confirms its status as a reliable partner, respecting its contractual commitments and enjoying a certain credibility on the international energy market".

The quality of the relations between the two historic partners made it possible to conclude this agreement in an extremely volatile market context, notes the press release.

The agreement thus opens the way to deepening the partnership relationship between SONATRACH and Total in various fields for the mutual benefit of both parties, said the same source. (APS)

Original source: https://sonatrach.com/actualites/sonatrach-et-total-renouvellent-leur-accord-dans-le-gnl