Algeria warns of possible gas price increase for Spain ...Kuwait

The New Arab - News
Algeria warns of possible gas price increase for Spain
source : The New Arab ( Kuwait ) () 31
Algeria's state-owned energy giant Sonatrach warned Friday it could increase the price of its gas sales to Spain, against the backdrop of a diplomatic row with Madrid over the disputed Western Sahara. "Since the start of the Ukraine crisis, gas and oil prices have skyrocketed. Algeria has decided to stick, for all its customers, to relatively fair contract prices," Sonatrach CEO Toufik Hakkar told the national news agency APS. "But a 'recalculation' of prices for our Spanish customer is not ruled out," he said. Algiers last month recalled its ambassador from Madrid in protest at a decision by Spain, which is heavily dependent on Algeria for its gas supplies, to back a

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