Algeria: In Amenas Gas Boost But Oil Set For Further Slide

Algeria says the long-stalled restart of the third train at the In Amenas gas plant is imminent, with a further boost planned as new wells are brought on next year. But for the country’s oil output the only way appears to be down.

Algeria’s In Amenas gas plant, which was hit by a terrorist attack in January 2013, is set to finally see the third of its 3 bcm/year trains restart “in the coming days,” the project’s director general Kamel Aoues says. An initial “stabilization phase” will see output of 2-3mn m³/day (0.7-1.1 bcm/year on an annualized basis, that is to say around a third of the train’s capacity), with output ramping up to 9mn m³/day (3 bcm/year) capacity “within 10 days or so,” he tells state news agency APS. Repairs, led by UK-based firm Petrofac, cost $80mn, according to the plant’s operations director Said Oumeddour. (CONTINUED - 1221 WORDS)