Italian energy company Eni to sell stake in Algeria-Italy pipeline to LNG terminals and grid operator Snam
Italian energy company Eni has agreed to sell a minority stake in two pipelines involved in transporting natural gas from Algeria to Italy for €385 million ($435M) to Italian LNG terminal and gas grid operator Snam.
Algeria says all pipeline gas and LNG obligations for Europe being met and Spanish flows set to increase
Algeria said it was fulfilling all its pipeline natural gas and LNG contract obligations to supply Europe and volumes would soon be raised for Spain from current levels as a pipeline expansion comes on stream.
Sonatrach ethics code
Sept 13 (LNGJ) - Sonatrach, the state-owned Algerian supplier of pipeline natural gas to Europe and LNG cargoes from its Arzew and Skikda export plants, has issued a new code of ethics to achieve more transparency.
“The Group's ethics are reflected first and foremost in our commitment to conduct our activities with integrity, transparency, fairness and excellence to enable our company to accomplish its mission in the service of the development and prosperity of the country,” stated Chief Executive Toufik Hakkar. “This code is the fruit of a collective reflection around the values and principles which should guide our behavior and inspire our decisions, in order to strengthen the confidence of stakeholders,” added Hakkar.
