Algeria wants to increase gas prices for Europe

The Algerian state -made oil and gas manufacturer Sonatrach thinks how to get benefits from a significant increase in world gas prices in its long -term contracts with European customers, reports Reuters with reference to sources.

According to the sources of the publication, Sonatrach is considering several options, including partial binding to spotal gas prices in contracts that were historically tied to the price of Brent brand oil. As the publication notes, the role of Algeria as a gas supplier for Italy, Spain and other countries of Southern Europe has increased in connection with the conflict in Ukraine and the introduction of sanctions against Russia.