EU fails to agree on natural gas price cap and energy talks now focus on LNG and pipeline gas supplier Algeria
The European Union’s Commissioner for Energy Kadri Simson is in Algeria for two days of talks on strengthening the EU’s energy cooperation with the Algerians after the failure of an EU summit last week to agree a natural gas price cap that would have affected LNG trading.
Italy’s Eni acquires operated natural gas fields in Algeria from UK major BP as part of EU gas supply boost
Eni, the Italian energy major and significant liquefied natural gas developer and market participant, said it agreed to acquire natural gas fields in Algeria from UK major BP because of the “great strategic value” they now held.
Algeria permits move
May 12 (LNGJ) - Algeria, the leading natural gas supplier with two LNG plants on the Mediterranean coast and pipelines to Italy and Spain, is taking measure to improve and clarify the authorization process for constructing energy pipelines and infrastructure. They are now defined in two decrees signed by Algerian Prime Minister Abdelaziz Djerad. “The first draft executive decree defines the procedures for obtaining authorizations to construct a pipeline transportation system, while the second defines the procedures for obtaining authorizations to build structures for pipeline transportation of petroleum products,” said a statement.
