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Algeria to Boost Gas Shipments to Asia on Expanded LNG Capacity

Algeria plans to increase natural gas shipments to Asia where the fuel costs more than in Europe, the Sahara nation’s traditional market, state-oil company Sonatrach Chief Executive Officer Abdelhamid Zerguine said.

“There is stiff price competition in Europe,” he said at a conference today in the capital city of Algiers. “We will focus our efforts on selling more in Asia where prices are 50 percent higher.”