“We are faithful, through Sonatrach, to all our contractual commitments, as well as additional requests for our customers,” Arkab added, explaining that the National Energy Company is developing its fields and business and increasing its production.
The Algerian News Agency quoted Arkab as saying on Tuesday that Algeria is seeking to increase its share in the European gas market to more than the current 30 percent..
The agency said that Arkab stressed “the country’s ambition to further enhance its presence in this market by proposing additional quantities.”.”
Arkab also confirmed that Algeria will fulfill all its commitments to supply gas to Spain and Portugal through the Medgaz pipeline and LNG shipments..
And he said “Medgas pipeline capacity … is set to rise to 10.6 billion cubic meters by December, equal to the current demand rate of Spain and Portugal.”
Arkab said that total gas exports reached 30 billion cubic meters in the first nine months of this year, an increase of 94 percent over the same period in 2020. .
Algeria decided not to renew the contract for the Maghreb-European gas pipeline that connects it with Spain via Morocco, which expired on Sunday night..
It also announced the halting of gas supplies to Morocco, nearly two months after it cut diplomatic ties with the kingdom.
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