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France in Talks to Increase Gas from Algeria

NATURAL GAS

Talks are underway between Engie and Sonatrach to increase gas imports to France according to the French energy ministry.

  • An agreement for an increase in imports from Algeria could come following an official visit by President Macron.
  • Europe 1 radio reported that gas flows could increase by about 50% although this has not been confirmed. Algeria currently makes up to 8-9% of gas supplies to France.
  • In July, Sonatrach agreed to increase gas supplies to Italy by 4bcm on top of the 21bcm already planned. Algeria's total gas exports last year were 54bcm according to official figures.
Energy BulletsCommodities
Energy BulletsCommodities

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