Economics Affairs

Timimoune gas consortium inaugurated

APS - 27 March 2017

TIMIMOUNE (Adrar)- Gas consortium of Timimoune (GTIM) in Hassi Barouda, made up of Algerian Sonatrach, French Total and Spanish Cepsa, was inaugurated Tuesday in the province of Adrar (1543-km southwest of Algiers).

Minister of Interior, Local Authorities and National Planning Noureddine Bedoui has been assigned by President of the Republic Abdelaziz Bouteflika to inaugurate the gas facility, the minister said at the inauguration ceremony.

The ceremony was attended by Minister of Energy Mustapha Guitouni, Minister of Public Works and Transport Abdelghani Zaalane, the chief executive officer of Sonatrach, Abdelmoumene Ould Kaddour, and representatives of Total and Cepsa.

The consortium is a "new national achievement reflecting president of the Republic's far-sighted strategic vision, aimed at enhancing our country's capacities in conventional energies and optimizing the use of energy in southern provinces," Bedoui said.

The strategic plan "is complementary and comprehensive," meant to be implemented throughout the country, including the territorial waters."

Bedoui seized the opportunity to convey President of the Republic Abdelaziz Bouteflika's greetings to the population of Timimoune, and all the citizens of the country's south in general.

Minister of energy, in an address, dubbed the consortium a "major achievement that is likely to boost gas industry in Algeria and step up cooperation with the country's traditional energy partners."

The minister of Public Works and Transport expressed satisfaction with the level of development in the different regions of the country, saying this "strategic and vital" consortium will "give a fresh impetus to economic development and the energy industry."

The consortium, according to the manager of Sonatrach's Association Deportment Farid Djettou, has been built in 38 months with a budget of USD800 million.

It will produce five million m3 of gas per day and 466 barrels of condensate per day, from several wells, he added.