Jazairana

Random highlights from the Algerian media - because English speakers need to follow Algeria news too

Thursday, August 10, 2006

EU fears Algerian-Russian gas alliance

And on the subject of oil and gas... Bear in mind: "40% of EU gas imports originate from Russia (30% Algeria, 25% Norway)". The Gazprom-Sonatrach deal, along with continued turmoil in the Middle East raising prices, could help keep Algeria's foreign currency revenues high for years to come.

Gulf Times, Stratfor.

PS: It seems Algeria has something else to offer in the deal: LNG technology.

1 Comments:

At 10:53 AM, Blogger KNL said...

I think they are making smart petrol deals. It is helping the macroeconomy grow, but I am reading that it is not doing much for the microeconomics of the country.

Have you heard anything on the housing units Boutef promised?

 

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