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Algeria's Sonatrach signs $1 bln gas plant deal with India's Larsen & Toubro

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02/12/2019 | 02:57am EDT
Sonatrach's CEO Abdelmoumen Ould Kaddour attends a signing deal with Larsen and Toubro (L&T) in Algiers

ALGIERS (Reuters) - Algeria's Sonatrach has signed a $1 billion contract with India's Larsen & Toubro to build plants to produce 11 million cubic metres of gas per day, Sonatrach's CEO said on Monday.

"The project shows that we still have gas and we can raise output in the coming few years," Sonatrach's Abdelmoumene Ould Kaddour told reporters.

Algeria’s gas output was 135 billion cubic metres for whole in 2018.

(Reporting by Lamine Chikhi; Editing by Ulf Laessing and David Goodman)

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