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German Utility VNG Inks Country's First Deal With Algeria for Pipeline Gas

Published: February 8, 2024

German utility VNG AG signed a deal for the delivery of pipeline gas from Algerian state energy giant Sonatrach, according to people familiar with the matter.

Source: livemint.com

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Nirmala SitharamanUlf HeitmuellerMichael LewisRobert HabeckAlgerian EnergyEuropean UnionNorth AfricanChief Executive Officer Ulf HeitmuellerEconomy Minister Robert HabeckAlgerian Energy Minister Mohamed ArkabFinance Minister Nirmala SitharamanGerman UtilityVng AgHas Signeda Deal With Algerian Energy CompanyFor The Delivery Of Pipeline Gas This Agreement Marks First Timea German Trader Has Reached Sucha Deal With Algeria Germany Been Seeking Alternative Supplies Since Russia Reduced Deliveries Due To Conflict In Ukraine Long Term Contracts Are RareAs Importers Rely Mainly On The Volatile Spot Market Vng And Sonatrach Have Also Agreed To Collaborate Creatinga German Algerian Value Chain For Hydrogen