Wall Street

Exclusive-Algeria’s Sonatrach mulls new formulas to raise gas prices for European buyers- sources

Published by
Reuters UK

By Marwa Rashad and Isla Binnie LONDON (Reuters) – Algeria’s state oil and gas producer Sonatrach is negotiating ways to benefit from significant global gas price rises in its long-term contracts with European buyers, two sources familiar with the matter told Reuters. Sonatrach is considering several options, including a partial link to spot price gas prices in contracts that have historically been linked to the price of Brent crude, the sources said. Concern over Russian gas supply to Europe has sent benchmark front month and day ahead Dutch TTF gas contracts up more than 80% and 110% respect…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street