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Asharq Al-Awsat

Business

Asharq Al-Awsat

Algeria's Sonatrach, Spain's NATURGY Sign Gas Pricing Deal

Sonatrach Naturgy Algeria

The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 20, 2019. REUTERS/Ramzi Boudina//File Photo

Algeria's Sonatrach and Spanish power group Naturgy have signed a deal revising the prices of long-term gas export contracts, Ennahar tv reported on Thursday.

According to Reuters, Sonatrach CEO Tewfik Hakkar said the price revision for exports via the Medgas pipeline was part of a three-year contract.

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