Directional impact on forecast:
Downbeat for Algeria’s pipeline gas exports
Oil indexation in term contracts is denting market appetite for Algeria’s pipeline gas. And while when it comes to LNG the country can trade more of its volumes on the spot market, there is no such flexibility for the pipeline gas it sends to Italy and Spain. Gas and LNG exports are a vital source of revenue generation for Algeria, but high oil prices are exerting pressure on the government to change tack...
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