Algeria Brings Back Shale Gas with Total

The Algerian company Sonatrach signed an agreement with Total in December 2017, which will allow the latter to exploit the unconventional “tight” gas field in Timimoun. This comes after nearly two years of poor relations between Algeria and Total, arising from tax disputes. Sonatrach’s CEO said they plan to “do many things together [with Total], particularly in shale gas, solar and offshore.”

Total had prosecuted Algeria before an international tribunal over taxes on excess profits. Now, Algeria is suffering an economic decline due to the fall of hydrocarbon prices, so they are in a weak position to negotiate with big multinationals.

Source: http://multinationales.org/L-Algerie-relance-le-gaz-de-schiste-avec-Total

Translated by Ulysses.