Algerian state giant Sonatrach on 6 October signed a deal with Spanish utility Naturgy to hike the price of gas it receives for exports to Spain via the 10.5bcm/y Medgaz pipeline.

The deal retroactively revises the price of all gas supplied in 2022. Talks on setting a new price for 2023 are continuing according to Naturgy. (CONTINUED - 157 WORDS)