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...