{"id":23439,"date":"2021-07-14T09:58:41","date_gmt":"2021-07-14T09:58:41","guid":{"rendered":"https:\/\/jazairhope.org\/?p=23439"},"modified":"2021-07-14T09:58:41","modified_gmt":"2021-07-14T09:58:41","slug":"naturgy-sonatrach-to-start-medgaz-pipeline-expansion-in-4q","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/naturgy-sonatrach-to-start-medgaz-pipeline-expansion-in-4q\/","title":{"rendered":"Naturgy, Sonatrach to Start Medgaz Pipeline Expansion in 4Q"},"content":{"rendered":"

Naturgy Energy Group SA said Tuesday that in partnership with Algeria’s state-owned Sonatrach it will start the expansion of the Medgaz gas pipeline in the fourth quarter of the year.<\/p>\n

Starting from the fall, the pipeline’s capacity will be expanded by 25%, or 2 billion cubic meters a year, to more than 10 billion cubic meters a year, the Spanish energy company said. The expansion, which had already been agreed, entailed an investment of around $90 million.<\/p>\n

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Sonatrach has a 51% stake in Medgaz, while Naturgy holds the remaining 49%, with a shareholder agreement giving the companies joint control of the pipeline connecting Algeria and Spain.<\/p>\n

The Algerian oil-and-gas company has a 4.1% stake in Naturgy<\/p>\n

Write to Giulia Petroni at giulia.petroni@wsj.com<\/p>\n