ALGERIA
Algeria and Brazil Plan LNG Barter
Algeria's national oil company Sonatrach and the Brazilian state-owned Companhia Energetica de Sao Paulo have initialed an agreement under which Brazilian goods and engineering services will be bartered for imports of Algerian liquefied natural gas (LNG) over a five-year period. The quantities of LNG involved are some 3mn cubic meters daily (1.lbn cu. ms./year) delivered to the port of Santos in Brazil at a reported c.i.f. price of...
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