Turkey extends LNG deal with Algeria

Turkey extends LNG deal with Algeria

Turkey and Algeria renewed their gas cooperation with a new 10-year LNG deal signed in Algiers on Wednesday. 

According to Anadolu Agency, the new contract will run for 10 years with Turkey agreeing to import 4.4 bcm of LNG a year from Algeria. This is an increase from 4 bcm of LNG imported under the previous arrangement.

The deal was signed together with a declaration of cooperation in the energy sector, a result of the official visit of Turkish President, Recep Tayyip Erdogan to Algeria. Countries further agreed to jointly develop oil and gas exploration and production projects.

Turkey has been importing LNG from Algeria since 1988 and the contract was about to expire at the end of this year.

 

LNG World News Staff; Image: Turkish Directorate General of Coastal Safety

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >