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Germany Signs First Deal with Algeria for Pipeline Gas

LNG

German utility VNG signed a deal for the delivery of pipeline gas from Algeria’s Sonatrach, according to Bloomberg.

  • This is the first German trader to reach an agreement with Algeria. The deal took effect earlier this year.
  • The terms of the deal regarding volume and length have not been confirmed.
  • Long-term gas contracts are scarce in Germany, with importers mainly reliant on volatile spot contracts.

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