Gas Price Reduction for Spain 

Algeria's Sonatrach has reportedly agreed to reduce the f.o.b. price of its liquefied natural gas (LNG) deliveries to Enagas of Spain by around 16% for the second quarter of 1986, from $3.81/mn BTU to around $3.18/mn BTU. This is more or less in line with the gas price reduction recently agreed upon between Sonatrach and Gaz de France (MEES, 7 April).