NO. 39



Snam Purchases 2Bn Cu. Ms./Yr Of Algerian LNG

Italy's Snam and Algeria's state-owned Sonatrach signed on 23 June a salesand purchase agreement for 2bn cu. ms./yr of Algerian liquefied natural gas(LNG) beginning in 1996. The LNG will be shipped from Skikda to Panigaglia nearLa Spezia. Algeria already accounts for about 40% of Italy's gas supplies.Sonatrach has an agreement with Snam to provide it with around 19.5bn cu. ms./yrof natural gas by the end of...