OREANDA-NEWS. Tecnicas Reunidas SA (TRE), a Spanish industrial engineering company, is set to win a USD 1 billion contract to build a natural gas-processing plant in Algeria.

 The company, based in Madrid, was chosen by a joint venture between GDF Suez SA of France and Algeria’s Sonatrach to design and build the facility with a capacity to produce 13 million cubic meters of the fuel a day, according to the document. Tecnicas competed for the contract with London-based Petrofac Ltd. (PFC) and Japan’s JGC Corp. (1963).

 Algeria’s Touat field is estimated to hold 68.5 billion cubic meters of natural gas and 8.5 million barrels of condensate, the document showed. Spokesman for GDF Suez (GSZ) and Sonatrach weren’t available for comment outside of normal business hours.

 Tecnicas is scheduled to report second-quarter earnings tomorrow before the stock market opens in Madrid.