Algeria to cancel gas deliveries to Naturgy if shares sold to another company, source says

📆 7/05/2024 1:22 p. m.
📰 ReutersAfrica

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Algeria will cancel its deliveries of gas to Naturgy if the Spanish firm's shares are sold to another company, a source familiar with the matter told Reuters.

The logo of Spanish energy company "Naturgy" is seen in its headquarters in Madrid, Spain, April 16, 2024. REUTERS/Susana Vera/File Photolast month it was in discussions with Naturgy's three largest shareholders which could lead to a possible full takeover bid for the largest natural gas firm in Spain.

"Naturgy has signed take or pay supply contracts until 2032 with Algeria," a company spokesperson told Reuters.

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