EXIMBANK TO ASSIST ALGERIAN LNG PROJECT

The U.S. Export-import Bank has approved a financing package to help Algeria's state owned Sonatrach refurbish and hike capacity of a natural gas liquefaction plant at Skikda, Algeria. Eximbank approved a repayment guarantee to cover the sale to Sonatrach of U.S. equipment and engineering services by Sofregaz U.S. Inc., Houston, Sofregaz is an engineering and construction subsidiary of Gaz de France.

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