Group forms company for Algerian LNG plant

Repsol YPF SA, Gas Natural SDG SA, and Sonatrach agreed to form a new company, Soc. de Licuefaccion, to build and operate a liquefaction plant based on natural gas from Gassi Touil field in eastern Algeria.

March 15, 2006

By OGJ editors
HOUSTON, Mar. 15 -- Repsol YPF SA, Gas Natural SDG SA, and Sonatrach agreed to form a new company, Soc. de Licuefaccion, to build and operate a liquefaction plant based on natural gas from Gassi Touil field in eastern Algeria.

Plans call for the 4 million tonne/year LNG plant to come on stream in 2009. Repsol YPF holds 48% of the new company, Gas Natural 32%, and Sonatrach 20%.