HomeNewsTunisia and Algeria to sign a 10 year gas supply deal

Tunisia and Algeria to sign a 10 year gas supply deal

Tunisia and Algeria are to sign a 10 year gas supply deal according to the governments of Tunisia and Algeria represented by their respective Energy and Mines Ministers following the expiry of the old contract last December.

This was revealed by Tunisia’s Energy and Mines Minister Mongi Marzouk.  He also reassured about the energy situation in the country, especially with regard to the supply of Algerian gas, which accounts for two-thirds of gas consumption in Tunisia.

Search for construction leads
  • Region/Country

  • Sector

Marzouk stressed that his department is in collaboration with the Ministry of Finance and the Tunisian Company of Refining Industries (STIR) in order to acquire a sufficient quantity of all oil products to cover the consumption for three months.

Read Also: Mozambique signs gas importation agreement for Beluluane power plant

The new contract is believed to have reduced preferential prices and it is expected to run from 2020 to 2030.

The Nawara Development Project

Marzouk also commented about the Nawara Development Project, which is expected to produce a third of Tunisia’s gas consumption. The gas field is located in the African country’s Far East side and was set to produce around two million cubic meters but faced some technical challenges that diminished its production capacity.

The Energy and Mines Minister said that a British institution was invited to solve these technical problems, but the coronavirus pandemic and the decision to close airports and impose quarantine on travelers arriving from abroad caused a delay in technical intervention by the British engineers. “The reparation process will now take place remotely,” noted Marzouk

Tunisian-Algerian economic talks

The anticipated Tunisia-Algeria deal is a result of the Tunisian-Algerian economic talks, which according to Marzouk were “very positive,” and involved renewable energy as well as oil, gas and electricity distribution between Tunisia, Algeria, Morocco, and Libya.

The talks, in addition to the new gas deal between Tunisia and Algeria, also engaged in improving the conditions for supplying Libya with electricity produced in southern Tunisia.

Among the efforts and ideas being employed to improve Libya’s energy supply is the construction of a large power station near the industrial port of Skhira which is approximately 200 km from the Tunisian-Libyan border. Primarily, the energy output will be directed to Libya and then distributed out to the rest of the Northwest African region.

 

Must Read

Construction of US$ 200M solar panel manufacturing plant in Ohio in the pipeline

Plans are underway for the construction of a US$ 200M solar panel manufacturing plant in Ohio. The facility is set to be built by...

Ground breaks for electric vehicle (EV) battery giga factory in Kokomo, Indiana

A groundbreaking ceremony has been held for a new electric vehicle (EV) battery giga factory in Kokomo, Indiana. The project is developed by Stellantis in...

Brightline West, Los Angeles to Vegas High-Speed Rail

After reaching an agreement with a group of significant labor unions, Brightline, the corporation behind the project, expects construction on the bullet trains to...

Saudi Arabia: Neom City Project Updates

A multi-year PMC contract for NEOM International Airport Project has been awarded to AECOM. As per the contract, the global infrastructure consulting firm will...

Construction begins on the Kennedy Expressway, Chicago

The next week will see the start of a three-year construction project on the Kennedy Expressway. Up until July, certain sections of the two...

Construction to begin on Illinois Youth Center in Lincoln

Construction on a new Illinois Youth Center in Lincoln for youth in the custody of the Illinois Department of Juvenile Justice was announced by...

LEAVE A REPLY

Please enter your comment!
Please enter your name here