VOL. XLIV

No. 24

11-June-2001

ALGERIA

Sonatrach And Gaz De France Form Joint LNG Marketing Company

Sonatrach and Gaz de France on 31 May signed an agreement to form a 50/50 joint LNG marketing company called Med LNG & Gas. The new company aims to conclude short and medium-term sales contracts, concentrating on the European and North American markets. At the same time Sonatrach and Gaz de France have extended until 2013 two contracts for the sale of Algerian LNG to the latter. Both accords...