Algerian television quoted the Ministry of Energy as saying, today, Wednesday, that any change of destination Algerian gas Exporting to Spain could lead to the termination of the contract between national energy company Sonatrach and Spanish buyers.
The ministry added in a statement that Algerian Energy Minister Mohamed Arkab “received today an email from his Spanish counterpart, informing him of Spain’s decision to authorize the reverse flow through the Maghreb-European gas pipeline.”
The statement stated that the start of this process will take place today or tomorrow, according to the minister.
Sonatrach had announced on April 2, 2022, that it did not rule out an “review” of the price of gas exported to Spain, in the context of diplomatic tension between Algeria and Madrid over the Western Sahara issue.
“Since the beginning of the crisis in Ukraine, gas and oil prices have exploded. Algeria has decided to maintain the contractual prices that are relatively appropriate with all its customers, but he does not rule out a measure A price review process with the Spanish side.
Spain, which relies heavily on Algeria for gas supplies, radically changed its position on March 18 on the sensitive issue of Western Sahara.