Analysts downplay effects of Algerian LNG plant blast

01/26/2004
Even as energy prices surged Jan. 20, analysts downplayed the danger of any immediate fuel shortages following an explosion early that day that destroyed three of six trains at the Skikda, Algeria, LNG complex, some 500 km east of Algiers.Reuters News Service reported oil futures prices hit new 10-month highs during early trading Tuesday after a huge blast at the LNG plant closed Algeria's largest refinery and main oil export terminal. The shutdown fueled concerns about global supplies, with US fuel inventories already at extremely low levels.Officials at Sonatrach, Algeria's state-owned oil and gas company, blamed a faulty boiler for the explosion that left 23 dead and 74 injured...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected