Cepsa and Sonatrach sign gas supply letter of intent
Spain's Cepsahas signed a letter of intent with Algeria's state-owned Sonatrachto buy 1 billion cubic metres a year (bcm/y) of natural gas, which will be transported through the planned Medgaz trans-Mediterranean pipeline, as soon as it comes on stream. The two are joint heads of the Medgaz venture, each having 20 per cent stakes, while the rest is held equally by the UK's BP, Spain's Endesa, Italy's Eni, France's ...
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