Algerian oil and gas company Sonatrach signed a medium-term contract with gas supplier VNG Handel & Vertrieb GmbH (VNG) to supply pipeline natural gas to Germany.
The agreement took place during a recent visit by a German delegation to Algiers.
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“We are happy to strengthen our energy business partnerships with Europe through this landmark agreement with the company VNG,” Rachid Hachichi Sonatrach CEO said.
According to the company’s CEO Ulf Heitmuller, this makes VNG the first German company to purchase Algeria’s pipeline gas.
Source: Energy Capital & Power
