Sonatrach takes Skikda risk
State energy company Sonatrach has agreed to take the bulk of the cost inflation risk to close a deal with the US' KBR for a new 4.5 million-tonne-a-year liquefied natural gas (LNG) plant at Skikda in the north-east.After more than 18 months of negotiations, the two companies have scrapped the lump-sum turnkey model that was the basis for the original tender in favour of a cost-reimbursible contract valued at $2,880 million.'The new model shifts the construction risk from ...
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