ALGERIA
Algeria and France Agree to Switch from Oil to Gas Based Formula for Pricing
Algerian Gas Deliveries Algeria's Sonatrach and France's state-owned gas company Gaz de France (GDF) have reached agreement on a new temporary formula for the pricing of deliveries of Algerian liquefied natural gas (LNG) to France, to replace the now outdated formula based on the official prices of a basket of eight OPEC crude oils.
MEES understand that the new formula, to take effect as...
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