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Lloyds List: Shell and Sonatrach in link-up

Feb 07, 2006

Oil major Shell and Sonatrach, the Algerian national energy company, have signed a wide-ranging co-operation pact that includes the possibility of developing a liquefied natural gas project, writes Tony Gray.

The memorandum of understanding covers multiple business initiatives, both in Algeria and internationally.
Areas of co-operation will include investigating the commercial and technical feasibility for joint developments in Algeria, including upstream development projects, LNG, products and marketing.
The two parties said they would evaluate possible asset swap transactions for upstream exploration, development and appraisal projects.

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