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Work begins on Spain-Algeria gas pipelineEch-Chorouk, 10 march 2008, Source : Reuters Work on the 8 billion cubic feet per year gas pipeline between Spain and Algeria has begun with the arrival in Spain on Friday of a boat to weld and lay pipes, a statement from the Medgaz consortium said. Algeria's state-run Sonatrach has a 36-percent stake in Medgaz, Spanish energy company Cepsa 20 percent, Spanish utilities Iberdrola and Endesa 20 percent and 12 percent, and Gaz de France 12 percent. Algeria is Spain's main supplier of natural gas, providing 33.3 percent of its imports last year. Spain imported the equivalent of 409,000 gigawatt-hours of gas last year, or slightly more than consumption, which totalled 406,300 GWh. The meeting with Bouteflika was attended by Energy Minister, Mr. Chakib Khalil and Foreign Affairs Minister, Mr Mourad Medelci. Arab media circulated very recently that mentioning that talks on the transfer of nuclear energy for peaceful reasons was high on the agenda during the latest talks held between Bouteflika and Sarkozy when the latter visited Algiers. |
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www.algeria-watch.org
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