[News] Algeria secures gas supply to Spain

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The Algerian Government remains firm in its commitment to guarantee the supply of natural gas in the terms already established and is prepared to increase export volumes in the event that Spain requests an increase in this offer, the Spanish third vice president and minister for the Ecological Transition and the Demographic Challenge, Teresa Ribera.

"The full guarantee has been made explicit with respect to the volumes agreed today," said Ribera, while also referring to the way in which to satisfy a possible greater demand from Spain, if necessary. .

The third vice president of the Spanish Government traveled to Algeria today to strengthen bilateral relations, four days before the expiration of the contract for the supply of gas through the Maghreb-Europe Gas Pipeline (GME), one of the two that supplied Spain already Europe, as well as to continue collaboration with that country in all energy sectors.

Ribera, who has interviewed the Algerian Minister of Energy and Mines, Mohamad Arkab, has referred to the fact that there is "a capital commercial relationship for the well-being of Spanish society with respect to the supply of gas, capital from the point of view of planning, good management, of resources, obviously including the exploitation and export of natural gas from Algeria ".

Likewise, he explained that the way to satisfy an eventual greater demand from Spain has also been addressed.

"The minister has explained to us how to undertake this gas transportation through the Medgaz gas pipeline, given that the contractual relationship with the Maghreb gas pipeline expires on October 31," said the third vice president of the Spanish Government.

Uncertainty about the supply of Algerian gas, key for Spanish and European industry, had grown since last August Algeria broke diplomatic relations with Morocco and announced its decision not to use the Maghreb Europe Gas Pipeline (GME), which is born in the desert. Algerian and arrives in Spain through Morocco, once the contract expires on October 31.

LINK: https://www.eitb.eus/es/noticias/economia/detalle/8412811/argelia-asegura-suministro-de-gas-a-espana/