Statoil wins $536m Algerian gas supply claim

Issue 277 - 17 May 2014
London’s Commercial Court has upheld a $536m award in favour of Norway’s Statoil and against Algeria’s Sonatrach in a dispute over the non-delivery of liquefied natural gas (LNG). The ruling is a further embarrassment to Sonatrach after a year in which it has lost a series of arbitrations with gas offtakers, mostly related to pricing. At first sight, the ruling appears to confirm concerns about Algeria’s ability to meet its international gas supply commitments. However, a closer analysis shows that the dispute is also the result of dysfunctional management at the most senior level in both Sonatrach and the Ministry of Energy and Mines.

Want to read more?

Medium article


(Access to one 401-800 word article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map


Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667