Algeria’s Sonatrach plans $70 billion investment to explore shale gas
January 12, 2015 | Algeria, Shale oil & gas
Algiers, Algeria | – Algeria’s state-owned energy giant Sonatrach plans to invest at least $70 billion over the next 20 years to exploit shale gas in the southern desert, its managing director Said Sahnoun said on Sunday. Sonatrach intends to moves ahead with the plan despite protest against shale gas drilling in In Salah in Tamanrasset province. The company hopes to produce some 20 billion cubic meters (700 billion cubic feet) of shale gas per year from 200 drill sites, Sahnoun told state radio, according …