Algeria French Highlights Oil and Gas Urgent

Enel close to renewing gas import contract with Algeria

Italy’s biggest utility Enel is close to renewing its gas supply import deals with Algeria, two sources said on Tuesday.

The new deals will be for a contractual period of less than 10 years and will probably be for an 8-year period, one of the sources said.

Enel did not comment.

Earlier on Tuesday Algerian state energy company Sonatrach signed a deal with Portugal’s Galp to extend by 10 years a contract to supply gas to Portugal.

Source Reuters

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