Algeria Meeting European Gas Supply Commitments, Says Minister
CAIRO (Reuters) — Algeria's energy minister said on Tuesday the North African country was fulfilling its contractual obligations for supplying natural gas to Europe, the state news agency reported.
Mohamed Arkab said Algeria now supplied Spain with 8 billion cubic meters (bcm) of gas and would raise the volume to 10.6 bcm in December with the expansion of the Medgaz pipeline.
European gas prices have rocketed this year as tight supplies have collided with strong demand in economies recovering from the COVID-19 pandemic.
The rebound in economic activity after the easing of coronavirus lockdowns has laid bare a shortage of natural gas stocks and other fuel supplies, causing blackouts in some countries.
Arkab said a planned pipeline to supply Europe with Nigerian gas via Algeria, had reached a "very advanced" stage.
The new pipeline will transport Nigerian gas through Niger and Algeria to Europe, he said.
Related News
Related News
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
- U.S. Oil Inventories at Cushing Storage Hub Drop to Lowest in a Decade
Comments