CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Algeria To Halt Gas To Spain If Diverted To Third Party

ENERGY SECURITY

Reuters citing Algerian state news has reported that 'Algeria's energy ministry says any destination change for the Algerian gas to Spain could mean termination of contract.'

  • The threat comes as European states look to find solutions to the Russian gas blockade of Bulgaria and Poland.
  • Algeria is considered a close ally of Moscow and has consistently voted with Russia on UN votes.
  • Algeria is the world's 10th largest exporter of gas and wires reported last week that despite tensions with Europe over Russia, and with Spain over disputed Western Sahara, Algeria remained committed to honouring gas contracts.
  • A former Sonatrach executive told Reuters last week: 'Algeria is a reliable country in terms of natural gas supply and intends to remain so.'
  • From the same Reuters report last week: 'A source familiar with the company's current thinking reiterated that Sonatrach was committed to fulfilling its deliveries as stipulated in contracts.'
  • If Algeria cuts off gas to Spain it would further intensify the European gas crisis.
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.