Yousfi won’t budge on Algeria’s gas prices, Edison battle continues

Issue 243 - 15 Nov 2012
Energy and mines minister Youcef Yousfi has defended Algeria’s position on gas prices, an issue of major concern for European utilities, who have been calling for a better pricing structure, and are now tying the issue to their willingness to invest in new exploration opportunities. However, state giant Sonatrach, which is embroiled in international arbitration with Electricité de France’s Italian subsidiary Edison, insists its clients must pay their fair share of the huge investments required to bring new Algerian gas on-stream.

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