What does a diplomatic row mean for Spain's Algerian energy supplies? - News Summed Up

What does a diplomatic row mean for Spain's Algerian energy supplies?


Algeria already warned Spain in April it could terminate supplies if Madrid sold on any Algerian gas to other countries. Here are details of the energy relationships between the two countries. Algeria's national banking association ordered a stop to payments to and from Spain, which, according to Algerian sources, affects all trade apart from gas supplies. Gas flows through the undersea Medgaz pipeline, in which Algeria's state-owned Sonatrach owns 51% and Spanish gas group Naturgy 49%. Spanish Energy Minister Teresa Ribera was asked by an interviewer on Onda Cero radio whether she was confident Sonatrach would continue to honour its contracts.


Source: The North Africa Journal June 11, 2022 02:03 UTC



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