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Reuters. June 11, 2019 / 5:30 PM
Algerian state energy company Sonatrach signed a deal with Portugal’s Galp on Tuesday to extend by 10 years a contract to supply natural gas to Portugal, Sonatrach said.
Under the deal, Algeria will ship 2.5 billion cubic metres of natural gas per year to Portugal, it said in a statement. Supplies are now delivered under a 1994 contract.
“For Sonatrach, these agreements strengthen is position as a major supplier to the Iberian Peninsula,” the statement said.
Sonatrach signed a similar contract with Italy’s Eni earlier this year. (Reporting by Hamid Ould Ahmed Editing by Edmund Blair)
Algerian state energy company Sonatrach signed a deal with Portugal’s Galp on Tuesday to extend by 10 years a contract to supply natural gas to Portugal, Sonatrach said.
Under the deal, Algeria will ship 2.5 billion cubic metres of natural gas per year to Portugal, it said in a statement. Supplies are now delivered under a 1994 contract.
“For Sonatrach, these agreements strengthen is position as a major supplier to the Iberian Peninsula,” the statement said.
Sonatrach signed a similar contract with Italy’s Eni earlier this year. (Reporting by Hamid Ould Ahmed Editing by Edmund Blair)