ALGERIA

Sonatrach and Distrigaz Agree on Lower LNG Price

Belgium's Distrigaz has become the third and last of Algeria's customers for liquefied natural gas (LNG) to reach an agreement with Sonatrach on a reduction of prices to reflect the collapse in the crude oil market. According to a statement by the Belgian Energy Ministry on 24 April the new price, which is retroactive to 1 April, is on a temporary basis while new contract terms are negotiated and will result in an overall 11%...