Spain Looks to Algeria for Gas, Again

May 2006 | Company News Alert

Algeria has landed a major deal with Endesa, Spain's biggest utility, to supply it with 960mn cubic metres (mcm) of gas per year for the next 20 years, highlighting the North African country's important position as a gas supplier to southern Europe. The US$5bn deal will see the gas piped underwater through the 200km Medgaz pipeline, the second connecting Algeria and Spain. Following a dispute between Russia and Ukraine early on this year which saw the flow of natural gas to Europe disrupted, both Italy and Spain have urged Algeria to speed up construction of new gas pipelines as part

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