- China’s state-owned oil and gas company, Sinopec, has been awarded the contract by Algeria’s national oil company, Sonatrach to build a new LNG storage tank.
- Both the companies have signed a deal for the construction of a $179 million Liquefied Natural Gas (LNG) storage tank in Algeria.
China’s state-owned oil and gas company, Sinopec, has been awarded the contract by Algeria’s national oil company, Sonatrach to build a new LNG storage tank. Both the companies have signed a deal for the construction of a $179 million Liquefied Natural Gas (LNG) storage tank in Algeria. Under the agreement, Sinopec will build an LNG tank with a capacity of 150 000 at the Skikda gas export terminal in the eastern region of Algeria. The construction of the storage tank with a capacity of 150,000 m3 is expected to be completed in 40 months.
Apart from the storage tank construction, the deal also includes supply and installation of equipment for the new LNG loading system. The equipment is part of a new pier for the oil port of Skikda’s overall extension which is expected to facilitate the better movement of LNG export vessels. According to Sonatrach, the project will boost Algeria’s export capacity and improve LNG production in the country.
