Sonatrach buys LNG carrier
Algerian state energy company Sonatrach has moved a step closer to achieving its long-term hydrocarbons shipping targets after acquiring a new liquefied natural gas (LNG) carrier.The company bought the vessel, known as Medmax I, or Cheikh el-Mokrani, in a joint venture partnership with three other companies: Itochu Corporation and Mitsui & Company, both of Japan, and Sonatrach shipping subsidiary Hyproc. Each firm will hold a 25 per cent stake.The ...
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