Sonatrach to Supply Germany with Pipeline Gas for the First Time
(Reuters) — Germany will receive its first supplies of pipeline natural gas from Algeria under a medium-term contract signed between a subsidiary of trader VNG AG and state-owned oil and gas firm Sonatrach, the companies said on Thursday.
"We are happy to strengthen our energy business partnerships with Europe through this landmark agreement with the company VNG," Sonatrach CEO Rachid Hachichi said in a statement.
This makes VNG the first German company to purchase pipeline gas from Algeria, the statement cited VNG's CEO as saying.
The agreement is with Leipzig-based VNG Handel & Vertrieb GmbH (VNG), a wholly owned subsidiary of VNG AG.
The statement said did not give details of the duration or the value of the contract.
Germany has been forced to seek new suppliers after Russia's invasion of Ukraine in February 2022 ended Germany's decades of reliance on Russian gas.
Algeria's gas production at 106 billion cubic meters per year, according to figures released by Sonatrach.
Related News
Related News
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- 450-Mile Eiger Express Pipeline Gets Green Light for Permian-to-Gulf Natural Gas Transport
- Duke Energy to Sell Tennessee Gas Business, 3,800 Miles of Pipelines, for $2.48 Billion
- Energy Transfer’s Lake Charles LNG Project Wins Export Extension
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Russia Strikes Key Ukraine Gas Interconnector on Romania Border, Disrupts LNG Imports
- Ontario Seeks Study on Alberta-to-Ontario Pipeline and James Bay Port Corridor
- U.S. Energy Exporters Unlikely to Gain Big From Potential U.S.-India Trade Deal
Comments