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Galp Energia (Portugal) extends gas supply deal with Sonatrach (Algeria)

13 Jun 2019

Algeria's state-owned oil and gas company Sonatrach has signed an agreement with the Portuguese oil and gas company Galp Energia, under the terms of which Galp Energia will import 2.5 bcm/year of Algerian gas over a 10-year period. This agreement will extend the existing gas supply agreement signed in 1994 for the delivery of 2.3 bcm/year.

Portugal started to import natural gas from Algeria in 1997, following the connection to the Pedro Duran Farell gas pipeline between Algeria and Spain, via Morocco. In 2018, Galp Energia imported 1.9 bcm of gas from Algeria (33% of its total gas sourcing).

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