Algeria talks tough on gas renegotiations
Industry observers had predicted changes to the structure of long-term gas contracts. But Sonatrach and the government appear uncompromising
Algeria's long-term pipeline gas and LNG supply contracts with European customers have been up for renewal in recent months. Received wisdom was that it would follow the lead of Russia and Norway in including a much larger element of hub-based pricing to replace some of the traditional oil price linkage in the contracts. In return, customers were expected to concede some of the flexibility built in to the take-or-pay contracts, and potential reduce overall volumes to leave state-owned oil and gas firm Sonatrach with more gas production for its own LNG portfolio. And this may have been how it played out in completed renegotiations or in those soon to conclude. But, if so, the Algerian governm
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
