Algeria: Touat Nears Start-Up

Algeria’s 4.5bcm/y (435mn cfd) Touat gas project looks set to deliver first commercial output early in the new year.

Private equity-backed operator Neptune Energy acknowledged in September that target start-up had been pushed back from 2018 to 1H 2019 as “construction of the central processing facility and pipelines has seen some delay” ( MEES, 7 September ).

But Juan Lladó, CEO of Spain’s Tecnicas Reunidas, carrying out the key $1bn construction contract at Touat ( MEES, 16 August 2013 ), says work is almost complete. “We are ready to inject gas into the unit… starting full commissioning of the plant,” Mr Lladó told his firm’s Q3 earnings call on 13 November. “In just a few weeks [after first gas is injected] the plant becomes profitable,” he says, adding that “I mean December for first gas into the plant.” (CONTINUED - 223 WORDS)