Seleccions

Seleccions

Seleccions

Spain business
Home›Spain business›Algeria declares to respect all its gas commitments with Spain

Algeria declares to respect all its gas commitments with Spain

By James K. Martin
June 11, 2022
0
0
Share:

Content of the article

Algeria has said it will meet all of its gas commitments with Spain, days after its freezing of a two-decade-old treaty raised questions over the European nation’s energy supply.

The North African country has also called on Spanish companies to fulfill their contractual obligations, according to a statement from the Foreign Ministry.

Algeria announced on Wednesday that it was suspending its freedom and cooperation pact with Spain over the European country’s stance on Western Sahara, a former Spanish colony in Africa over which Morocco claims sovereignty. Algerian banks were then ordered to stop payments between Algeria and Spain.

The moves deepened a diplomatic crisis that began earlier this year when Madrid reversed its longstanding policy of neutrality and backed Morocco’s plan for limited autonomy for Western Sahara, which has been mostly under Rabat’s control since leaving Spain in the 1970s.

This helped end a Spanish-Moroccan feud, but in turn angered Algeria, which backs a movement seeking independence for the disputed territory.

Spain imports substantial amounts of natural gas from Algeria and after Wednesday’s announcement it was not immediately clear whether those flows would be affected.

Spain’s Naturgy Energy Group SA said on Thursday it was “business as usual” with Sonatrach Group, Algeria’s state-owned energy company.

Related posts:

  1. Car makers and airlines warn EU climate plan puts innovation at risk
  2. Today in History: Spain cedes Florida to the United States in 1821 | Lifestyles
  3. The number of Covid-19 cases worldwide exceeds 189.9 million, deaths exceed 4.08 million
  4. Volkswagen wants to manufacture batteries and small electric cars in Spain
Previous Article

Signature Bank (NASDAQ:SBNY) Price target reduced to ...

Next Article

Putin “lays the groundwork for new invasions ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Spain business

    Salmeterol Market Upcoming Trends, Company Growth, Competitors, Company Market Share Analysis

    February 12, 2022
    By James K. Martin
  • Spain business

    Switch Mobility will build a state-of-the-art manufacturing plant in Spain

    March 21, 2022
    By James K. Martin
  • Spain business

    Wind – Capital Energy wants to be the main promoter of offshore wind in Spain

    January 5, 2022
    By James K. Martin
  • Spain business

    Spain’s industrial activity remains strong despite the persistence of supply problems -PMI

    October 1, 2021
    By James K. Martin
  • Spain business

    Iberia Airlines plans new service from Spain to DFW airport in 2022

    November 5, 2021
    By James K. Martin
  • Spain business

    Volkswagen wants to manufacture batteries and small electric cars in Spain

    July 18, 2021
    By James K. Martin

  • Spain business

    UK inflation hits 40-year high amid global recession warnings

  • Spain tourism

    ForwardKeys says Spain’s tourism industry in prime position for a successful Easter and summer

  • Spain tourism

    Major rule change in DAYS for Irish tourists to Spain