Middle East Economic Survey

VOL. XLVII

No 29

19-July-2004

ALGERIA

Iberdrola Signs For 1BCM Gas/Year To Be Supplied Through Medgaz Pipeline

Spains Iberdrola has signed an agreement with Sonatrach to buy 1 BCM/year of gas from 2007 to be supplied through the planned Medgaz pipeline that will form the first direct gas export route between Algeria and Spain when it is completed in 3Q 2006 (MEES, 17 November 2003). The sales and purchase agreement was signed in Madrid on 7 July by Iberdrola CEO Ignacio...