The Algerian fuel company Sonatrach (government) discussed on Sunday long-term commercial relations with the Turkish company BOTAŞ within the framework of contracts for the sale and purchase of liquefied natural gas and ways to expand the partnership between them.
This came according to a statement by Sonatrach.
The statement stated that “President and CEO (CEO) Rachid Hachichi met today at Sonatrach’s headquarters with the President and Director General of BOTAŞ Company, Abdel Wahed Fidan, in the presence of executive officers (cadres) of the two companies.”
It added: “During the meeting, the two parties discussed the long-term commercial relations existing between Sonatrach and BOTAŞ, which fall within the framework of contracts for the sale and purchase of liquefied natural gas.”
It continued: “Following this meeting, the two partners agreed to strengthen their commercial relationship. They also used this occasion to discuss the possibility of expanding their partnership and exploring new business opportunities.”
The statement pointed out that Sonatrach has been supplying Turkish BOTAŞ with liquefied gas since 1988.
At the beginning of 2020, Algeria renewed the contract to supply liquefied natural gas to Turkey in quantities reaching 5.4 billion cubic meters annually, extending until 2024.
A few days ago, Sonatrach CEO Rachid Hachichi said at an energy conference in Italy that the company’s gas production amounted to 130 billion cubic meters, of which 45 billion were destined for internal consumption and the rest for export.