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temporary formula for the pricing of deliveries of Algerian liquefied natural gas (LNG) to France, to replace the now outdated formula based on the official prices of a basket of eight OPEC crude oils.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...