EU ROUND UP – BRUSSELS SECURES ALGERIA GAS LIBERALISATION DEAL
July 1st, 2007
BY KEITH NUTHALL THE EUROPEAN Union (EU) has struck an important deal with Algeria, ensuring it supplies gas to European markets competitively, scrapping restrictive profit sharing contracts. Algeria is a key gas exporter in the EU's fight to secure energy security without relying on Russia, and Algiers has now agreed with the European Commission that pipeline gas can be sold-on within Europe, without a cut going to Algerian gas producer Sonatrach. The same would apply to most LNG contracts. Territorial restrictions effectively preventing Algerian gas moving ...
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