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Algeria Close to Signing Shale Gas Deals with Exxon and Chevron

OilPrice · Tsvetana Paraskova · last updated
Algeria nears the finalization of agreements with U.S. supermajors Exxon and Chevron to explore and invest in its shale gas resources as the North African country bets big on boosting its gas pipeline and LNG exports, the head of the Algerian energy regulator told Bloomberg.  “The technical aspects have more or less been agreed upon, but the commercial alignment is still under negotiation and will soon be finalized,” Samir Bekhti, chairman of energy regulator Alnaft, told the newswire in an interview published on Friday. …
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