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Sonatrach Agrees New Gas Sales Via Planned Medgas Pipeline

Sonatrach has signed letters of intent for the purchase of a total 2 bcm per year of gas to be transported from Algeria to Spain by the planned Medgas pipeline, which will link Beni Saf on the Algerian coast with Almeria in Spain. TotalFinaElf has signed up to buy 1 bcm/y of gas via the pipeline, with Spains Cepsa agreeing to a further 1 bcm/y. Sonatrach and Cepsa signed three partnership agreements...