Middle East Economic Survey

VOL. LIII

No 41

11-Oct-2010

MEES Agenda

Algeria Rediscovers Virtues Of Long Term Commitment

Two years of extreme volatility in LNG markets, which saw spot prices surge to over $20/mn BTU before plunging to around $4/mn BTU, has prompted Algeria to reassess a planned trial run of marketing an entire LNG projects output on a spot basis. Algeria is now firmly wedded to a strategy dominated by long term contracts, principal ministerial advisor Ali Hached told the 15...