Tecnimont led Consortium awarded $2.3 billion Gas Project in Algeria

Tecnimont led Consortium awarded $2.3 billion Gas Project in Algeria

MAIRE (MAIRE.MI) announces that a consortium composed by its subsidiary Tecnimont (Integrated E&C Solutions) and Baker Hughes has been awarded by SONATRACH an Engineering, Procurement and Construction (EPC) contract for the implementation of three gas boosting stations and the upgrading of the gathering system, located at the Hassi R’mel gas field, 550 kilometers south of Algiers. The gas field is the largest in Algeria and one of the largest in the world.

The overall contract value is about USD 2.3 billion, of which USD 1.7 billion relates to Tecnimont.

The scope of the project entails the implementation of three gas boosting stations, including turbo-compressors that will compress about 188 million standard cubic meters per day of natural gas. Additionally, the project entails the upgrading of the existing gas gathering system, which includes more than 300 km of flowlines connecting the wells. Completion of the project is scheduled within 39 months from the contract’s effective date.

The boosting stations, along with the gathering system, will maintain the pressure of the gas as it travels through the pipelines, allowing it to continue flowing more efficiently and ensuring a reliable and uninterrupted supply of natural gas to Italy, and subsequently to Europe as a whole. With