No. 17



Sonatrach And Gas Natural Agree On New Gas Price Formula

Sonatrach and Spains Gas Natural on 10 April agreed on a new gas price framework that sets a reference price range in order to stabilize the price of Algerian gas exported to Spain. No further details of the new agreement have been provided. The price revision was introduced as an annex to the 1975 agreement with Enagas, which subsequently became Gas Natural, for the sale of 3.8bn cu ms of LNG a year...