Sonatrach and Saipem have signed an agreement to end the litigations concerning the construction of a liquefied natural gas (LNG) plant in various fields in Algeria
These include the contract for the construction of a gas liquefaction plant in Arzew, the contract for the realisation of three trains of LPG, of an oil separation unit (LDPH) and of installations for the production of condensates in Hassi Messaoud (LPG), the contract for the realisation of the LZ2 24 inch LPG pipeline (line and station) in Hassi R’Mel (LZ2) and the contract for the construction of an gas and production unit in the Menzel Ledjmet field.
This agreement is the result of constructive dialogue and represents an important step forward in relations between the two companies, said Saipem.
Both the companies have expressed their satisfaction at having reached a definitive agreement that puts an end to litigations that were detrimental to both parties.
Saipem is a global provider in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil and gas market.
Sonatrach is an Algerian government-owned company formed to explore the hydrocarbon resources of the country. The company also has some concessions in Libya, Mauritania, Peru, Yemen and Venezuela.
