Latest Market News

Algeria targets shale gas production by 2022

  • : Natural gas
  • 14/10/13

Algerian shale gas production could start by 2022, the acting chief executive of state-owned Sonatrach, Said Sahnoune, has said.

Shale gas production could reach 10bn m³/yr by 2025, he said.

Algeria has the potential for substantial shale gas production, with recoverable reserves of 740 trillion ft³ (20 trillion m³), based on a recovery factor of 15pc, he said.

The development of shale gas resources will depend on the availability and proximity of water supply, with water needs of the industry in Algeria estimated at 2.5mn m³/yr.

Sonatrach said in July that it planned to start shale gas production from 2020, targeting output of 30bn m³/yr in the first production phase.

kw/jc

Send comments to feedback@argusmedia.com





If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.

Copyright © 2014 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more