Algeria, June 10, 2018

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Algeria eyes shorter gas contracts in future

Algeria wants in the future to sign shorter gas export contracts than current ones lasting 10-15 years, an official at state energy firm Sonatrach said on Thursday.

“We will focus on five-year contracts maximum,” Sonatrach advisor Mazighi Hachemi said at a meeting of Sonatrach managers at the Skikda refinery.

He added that Sonatrach would also consider exporting more gas to Asia’s growing markets. Algeria is so far a major supplier to Europe.

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