Austrian company OMV has announced that gas from its $1 billion Nawara field in Tunisia will start flowing in 2019, three years after it was initially due to start, Agence Ecofin has reported.
The project has been delayed by lower oil and gas prices, coupled with land management and political turmoil in Tunisia, according to OMV’s upstream chief, Johann Pleininger.
The $ 1 billion project is expected to generate 2.4 million cubic meters per day of commercial gas plus condensate and LPG.
This will increase the Tunisian gas production by 15% and will reduce by 30% imports from Algeria, the main supplier of the country.
In addition, it will boost domestic hydrocarbon production, which has dropped by more than half in the last ten years.
The Nawara concession is located in the Tataouine region in the south-east of the country and is equally controlled between OMV and the Tunisian National Oil Company (ETAP).