Middle East Economic Survey

VOL. XLVIII

No 44

31-October-2005

ALGERIA

Investment Decision On Medgaz Pipeline Expected By July 2006

Sonatrach says a final decision for investment in the 630mn ($753mn) Medgaz pipeline, which will carry 8bcm/year of natural gas to Spain and other European countries across the Mediterranean, should be taken by July 2006, while final decisions on gas sales contracts should be taken by December of this year. The construction of a 200km sub-sea pipeline that will reach...