By OGJ editors
HOUSTON, Aug. 9 -- Algeria's state oil and gas company Sonatrach and Shell Gas & Power, a unit of Royal Dutch/Shell, have entered into a LNG master sales agreement that will provide a framework for the terms and conditions of LNG sales on an individual cargo basis, Shell said.
The agreement came on the heels of a memorandum of cooperation (MOC) signed between the two firms whereby they will identify and develop upstream and downstream projects "throughout the energy chain" both in Algeria and throughout the world. Joint project groups will be set up for that purpose, Shell said.
"This is an. . .opportunity for us to identify projects of mutual interest that build on the strengths of both companies," said Lew Watts, Shell regional director.
Sonatrach downstream Vice-Pres. Bachir Achour added, "This MOC is the result of several months of work by both parties. We hope it will be. . .the beginning of mutual and beneficial cooperation in our upstream and downstream activities."
