VOL. XXXI

NO. 10

14-DECEMBER-1987

ALGERIA

Distrigas Initials Trunkline-Style LNG Settlement

The Boston-based subsidiary of Cabot Corp. of the US, Distrigas, hasannounced that it has reached preliminary agreement on a settlement of itsdispute with Algeria's Sonatrach over sales of liquefied natural gas (LNC) tothe American company.

Distrigas signed an agreement with Sonatrach in 1976 to purchase 1.2bn cu.ms. a year of LNG annually over a 20- year period beginning in 1979, butunilaterally terminated...