PPIM Contra – call for papers
PPIM Contra – call for papers

GdF signs 20-year supply contract with Sonatrach

THE FRENCH state-owned gas distributor Gaz de France has signed a 20-year gas supply contract with Algeria’s state-owned oil and gas company Sonatrach. Under the terms of the contract, Sonatrach will supply about 1 billion cum/yr of gas via the Medgaz pipeline that will link Algeria to Spain by 2009, the company said.

GdF owns a 12% stake in the Medgaz pipeline project, which will have an 8 billion cum/yr capacity, essentially to address Spain’s increasing domestic energy consumption. French oil major Total and UK oil major BP, which were original partners in the pipeline, have recently divested their interests in the project.

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