VOL. XXX

NO. 4

03-November-1986

ALGERIA

New Pricing Formula for Transmed Gas

MEES understands that the current (fourth quarter) price for Algerian gasexported to Italy via the Transmed pipeline under the terms of the recentthree-year agreement between Sonatrach and Italy's Snam (MEES, 6 October) worksout at around $2.00/mn BTU at the Algerian-Tunisian border, meaning a price cifItaly of some $2.55/mn BTU. The new price terms, which are retroactive to 1January, replace the previous link to the...