Algerian state energy company Sonatrach signed a deal June 25 with France’s Total to extend its supply of 2 million tonnes a year of LNG to the French market for another three years, Sonatrach said.
Relations between Sonatrach and Total had deteriorated after Algeria blocked the sale of Anadarko assets to the French company, energy sources said.
At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.
The nascent U.S. LNG export industry has been particularly vulnerable to the U.S.-China trade war, the head of the American Petroleum Institute industry group said on Jan. 8, adding that he hopes negotiators will soon resolve the dispute.