Naturgy Reaches Agreement with Sonatrach on 2024 Gas Supply Prices
7/23/2024
(Reuters) — Spanish power company Naturgy said on Tuesday it has reached an agreement with Algerian state oil and gas company Sonatrach on 2024 prices for gas supply.
The deal "ensures that prices reflect current market conditions," Naturgy said.
The Spanish company has gas contracts with Algeria's Sonatrach for about 5 billion cubic meters per year. The parties were negotiating prices for 2023, retroactively, and 2024.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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