The sales and purchase agreement obliges Taiwan’s national oil company, CPC, to buy 4 mtpa of liquefied natural gas for 27 years while Taipei also acquires equity in the North Field East.
The project to stabilize and maintain the gas field’s production plateau supports Algeria’s bid to underpin its growing role in supplying European gas markets.
Rising natural gas production plus not enough takeaway capacity equals one big headache for west Texas producers

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