Total and Algeria’s National oil company, Sonatrach, have agreed to extend their Liquefied Natural Gas (LNG) deal by additional three years.
Commenting on the new development in a release on the French Company’s website, Laurent Viview, President of Gas, Total, said “This agreement is part of the long history of cooperation between Total and Sonatrach. Thanks to the quality of our relationship we were able to conclude it in an extremely volatile market environment. This new contract further enhances the flexibility of Total’s LNG portfolio and strengthens our position as a major partner of Sonatrach.”
The agreement extends the existing supply deal for Total. Algeria is to continue to provide 2 million tons of LNG per year to the French Market through the LNG terminal at Fos Cavaou. According to Total, the agreement also includes the sub-charter of an LNG tanker of Total by Sonatrach.
The French giant has been in the energy sector for about 70 years. Total participates in the oil and gas exploration and production with participation in the TFT II and Timimoun gas fields, and the oil fields of the Berkine Basin. It is also involved in the marketing of lubricants and bitumen. Both companies have launched engineering studies for a petrochemical project in the Western part of the North African country.
Total in Africa
Total is arguably the largest private company in the African oil and gas scene. It is an important player in the energy sector of most African countries and beyond the continent. It is the number one retail network in Africa with about 4,200 service stations across the continent, and over 2 million customers per day. Total also has an interest in 5 refineries and has created employment for thousands of Africans over the globe.
The company has downstream operations in Botswana, Burkina Faso, Cameroon, Central African Republic, Chad, Equatorial Guinea, Eritrea, Ethiopia, Gambia, Ghana, Liberia, Malawi, Mali, Morocco, Namibia, Niger, Republic of Guinea, Senegal, Sierra Leone, Tanzania, Togo, Tunisia, Zambia, and Zimbabwe.
It has upstream operations in Angola, Libya and South Sudan.
It has upstream and downstream operations in Algeria, Côte d’Ivoire, The Democratic Republic of the Congo, Egypt, Gabon, Kenya, Lesotho, Madagascar, Mauritania, Mozambique, Nigeria, Republic of the Congo, South Africa, Swaziland and Uganda.
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