Gazprom Discusses Joint LNG Project with Sonatrach

Gazprom discussed with Algeria’s Sonatrach joint LNG projects, during a meeting in Moscow with Said Sahnoun, President and CEO of Sonatrach, and Ali Hashed, Advisor to the Energy Minister of Algeria.

‘It was highlighted that starting from 2010, a great scope of 2D and 3D seismic survey operations had been conducted and six exploratory wells had been drilled… The well survey has proven the availability of hydrocarbons pay zones. At present, the delineation of deposits is underway at the field’ reads a note released on Thursday, referring to the El Assel area in Algeria. 

Last week, the International Monetary Fund went to Algeria to speak with the country’s Minister of Energy Youcef Yousfi. The parts discussed cooperation in the energy sector. 

Also on Thursday, Gazprom confirmed its intention to place shares on the China’s Stock Exchange. The decision would follow its listing on the Singapore stock exchange in 2014. 

In the last hours, the company also announced two new managerial positions. Oleg Arno has been appointed Director General of Gazprom Dobycha Yamburg, while Vladimir Krokha will take the helm of Gazprom Dobycha Shelf Yuzhno-Sakhalinsk. Both of them have a strong financial and scientific background. Both hold an MBA degree.