Wednesday, 11 July 2007

EU strikes gas deal with Algeria, Sonatrach

(Reuters) - The European Union and Algeria struck a deal on gas contracts between the 27-member bloc and state energy company Sonatrach which the EU executive said would help to create a single EU-wide gas market.

"The agreement reached constitutes a major breakthrough in our relations with one of Europe's most important suppliers for natural gas and eliminates an important obstacle for the creation of a single EU-wide market in gas," Competition Commissioner Neelie Kroes said on Wednesday.


Read more at Reuters Africa

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