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Algeria Says It’s Agreed Hike in Gas Prices With Three Partners

  • Sonatrach says confident of deals with other counter-parties
  • Europe is racing to shore up more gas supplies from Algeria

Algeria said it reached a deal with three “partners” to increase prices of its natural gas exports, as Europe races to boost supplies from the North African country.

“We are confident that we will soon reach agreements to review the prices with other partners,” Toufik Hakkar, the chief executive officer of state energy firm Sonatrach, told reporters on Sunday, without naming the three counter-parties with which a deal’s already been struck. “Negotiations are hard and very tiring and require more time.”