Algeria to Get Higher Gas Price in New Deals with Italy, Spain

published:04/10/2022 05:14 GMT

Algeria will benefit from higher natural gas prices as it locks in deals with two European Union nations anxious to secure enough natural gas supplies for the coming winter. State-controlled Algerian energy producer Sonatrach Group concluded a deal with Italy’s Enel SpA last Wednesday and said it will soon announce one with Naturgy Energy Group SA, ending a months-long stalemate with the Spanish utility over contractual price revisions. An agreement with Naturgy will be ready “in the next few...More