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Sonatrach says confident of deals with other counter-parties
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Europe is racing to shore up more gas supplies from Algeria
“We are confident that we will soon reach agreements to review the prices with other partners,” Toufik Hakkar, the chief executive officer of state energy firm Sonatrach, told reporters on Sunday, without naming the three counter-parties with which a deal’s already been struck. “Negotiations are hard and very tiring and require more time.”
Algeria is Europe’s biggest gas supplier after Russia and Norway, sending the fuel via pipelines to Spain and Italy, and also shipping it in liquefied form. The European Union is trying reduce imports from Russia following Moscow’s invasion of Ukraine, and officials have traveled to Algeria to try and secure commitments for higher production.
Source : https://www.bloomberg.com/news/articles/2022-07-03/algeria-says-it-s-agreed-hike-in-gas-prices-with-three-partners
