US EditionAlgeria Close to Signing Shale Gas Deals with Exxon and Chevron
6 Articles
6 Articles
Algeria Close to Signing Shale Gas Deals with Exxon and Chevron
Algeria nears the finalization of agreements with U.S. supermajors Exxon and Chevron to explore and invest in its shale gas resources as the North African country bets big on boosting its gas pipeline and LNG exports, the head of the Algerian energy regulator told Bloomberg. “The technical aspects have more or less been agreed upon, but the commercial alignment is still under negotiation and will soon be finalized,” Samir Bekhti, chairman of en…
Algeria is preparing to enter into a strategic partnership with the American groups Chevron and ExxonMobil to develop several hydrocarbon deposits in the south of the country. According to an article published by the Bloomberg agency taken over by the Algerian daily Echorouk, the technical negotiations have been completed and the commercial discussions are under finalisation. The agreement would cover projects in the basins of Ahnet, Gourara and…
Algeria is on the verge of finalizing two major agreements with the US giants ExxonMobil and Chevron as part of an ambitious strategy to exploit its huge shale gas reserves. With 3,419 trillion cubic feet in place, including 707 trillion technically recoverable, the country holds the third largest global reserve behind...
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