News // Companies
Gazprom and Algeria emphasize great outlook for cooperation growth
05 June 2012 , 13:44Neftegaz.RU916
Today in Kuala Lumpur (Malaysia) a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Abdulhameed Zarqeen, Director General of Sonatrach, Algerian state-owned company took place as part of the 25th World Gas Conference.
The meeting was focused on the Russian-Algerian cooperation in the gas sector. In addition, the parties emphasized the successful partnership between Gazprom and Sonatrach in developing the El Assel field.
The meeting participants also reviewed the opportunities for expanding the joint business in delivery of new oil and gas projects including LNG production and supplies to the global energy market.
Based on the meeting results, Alexey Miller and Abdulhameed Zarqeen expressed confidence in further fruitful cooperation between the two companies in the said businesses.
Algeria's proven natural gas reserves account for 4.5 trillion cubic meters (second-largest in Africa after Nigeria- 5.25 trillion cubic meters). The bulk of natural gas reserves are concentrated in the central and eastern parts of the country.
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