In a statement to Reuters, it was stated that Algeria will supply 4 billion cubic meters (bcm) of gas to Italy this year,
The source said that state oil producer Sonatrach plans to start increasing supplies to Italian customers, including Eni, next week. Tighter global energy markets have increased demand for Algerian gas.
Sonatrach is already an important gas supplier to countries including Italy, Spain and Portugal, and stated that it is reviewing gas prices with all its customers to take advantage of the appropriate market. The company also noted that Eastern European countries seeking new gas sources have also contacted. According to official figures, total gas exports in Algeria last year was 54 billion cubic meters.