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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Algeria Warns of Possible Gas Price Rise for Spain

Sonatrach Algeria Spain Madrid Ukraine Western Sahara
Sonatrach CEO Toufik Hakkar said that Sonatrach could not at present substitute Russian gas Eric PIERMONT AFP

Algeria's state-owned energy giant Sonatrach warned Friday it could increase the price of its gas sales to Spain, against the backdrop of a diplomatic row with Madrid over the disputed Western Sahara.

"Since the start of the Ukraine crisis, gas and oil prices have skyrocketed. Algeria has decided to stick, for all its customers, to relatively fair contract prices," Sonatrach CEO Toufik Hakkar told the national news agency APS.

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