Algerian gas exports to Italy through the Transmed pipeline more than tripled month-on-month in April, to a daily average of 2.24bn cfd, their highest monthly level since 2012. On an annualized basis this equates to 23 bcm/year, around a quarter of Algeria’s gas output and half of its exports.

Flows eased slightly to 2.05mn cfd in May, but this is still way above average levels seen over the past four years. However, such flows will not be sustained. (CONTINUED - 614 WORDS)