Algeria’s oil giant Sonatrach plans to begin the exploitation of large deposits of shale gas in the country from 2020, with a production capacity of 30 billion m3 per year as a first phase, reported APS. According to a source within Sonatrach “the testes made have identified that the commercial production rates obtained are comparable to those obtained in the U.S. shale deposits.”
It added that these results considered “very encouraging”, and have allowed quickly to consider the transformation into the pilot phase with a view to put this potential into production by 2020. The same source states that the CEO of Sonatrach, Mr. Abdelhamid Zerguine made the announcement in early July at an international conference on the security of supply of natural gas in the Mediterranean held in the Vallete (Malta). Sonatrach also announced at the conference that it would begin operations with a production capacity of about 30 billion m3 per year as a first phase, the equivalent of the current national consumption, the source added, citing CEO of Sonatrach.