Petrofac and IKPT win Algeria LNG contract
ALGIERS (Reuters) - A consortium of British-based oil
services company Petrofac
The award for construction of a liquefied natural gas plant in the western Mediterranean port of Arzew with a production capacity of 4.3 million tonnes a year was unveiled at an open tender ceremony on Saturday, the newspaper said.
Petrofac and IKPT have 10 days to provide guarantees that
they can build the plant within the price they offered of
55,000 dinars (449 pounds) a tonne, or the contract will be
awarded to the runner-up, a consortium of Italy’s Snamprogetti
SpA
The contract requires the plant to be built within 50 months, with the work financed 100 percent by Algerian state energy company Sonatrach. The plant will be fed by gas from Algeria’s Gassi Touil and Rhourd Nouss gas fields.
(Reporting by William Maclean; Editing by Louise Heavens)
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ALGIERS (Reuters) - A consortium of British-based oil
services company Petrofac
The award for construction of a liquefied natural gas plant in the western Mediterranean port of Arzew with a production capacity of 4.3 million tonnes a year was unveiled at an open tender ceremony on Saturday, the newspaper said.
Petrofac and IKPT have 10 days to provide guarantees that
they can build the plant within the price they offered of
55,000 dinars (449 pounds) a tonne, or the contract will be
awarded to the runner-up, a consortium of Italy’s Snamprogetti
SpA
The contract requires the plant to be built within 50 months, with the work financed 100 percent by Algerian state energy company Sonatrach. The plant will be fed by gas from Algeria’s Gassi Touil and Rhourd Nouss gas fields.
(Reporting by William Maclean; Editing by Louise Heavens)
© 2008 Reuters Click for restrictions
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