UK strengthens Algerian trade links with £22.5m deal

By Webmaster

August 17, 2010

Industrial services group Cape has signed a £22.5 million contract to provide insulation works to a natural gas plant in Algeria.

The major deal, awarded by Italian and Japanese companies Snamprogetti and Chiyoda, will see the Wakefield-based firm assist in the construction of the Sonatrach GL3-Z LNG Project near the city of Arzew.

Work on the scheme is scheduled to begin in the first quarter of 2011 and finish in the first half of 2012.

Cape has much experience in the liquefied natural gas (LGF) sector in North Africa, having previously worked on the construction of Arzew GL1-Z in 1997, and the In Salah project in 2003.

Chief Executive Martin May said the move was yet another step forward for Cape.

“This is another significant award for Cape in the strategically important LNG sector in which we currently work around the world in places such as Australia, Qatar, Sakhalin and Chile,” he explained.

“We are delighted to again be working in Algeria which is already the fourth largest LNG exporting country in the world.”

“With its continuing growth plans, Algeria represents a key market for Cape, and we look forward to building on this relationship with Snamprogetti Chiyoda.”

When finished in 2013, the GL3-Z facility will have a liquefaction capacity of 4.7 million tonnes per annum.

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