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France, Spain and Portugal look to unlock Algeria gas exports

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France, Spain and Portugal look to unlock Algeria gas exports

Post by Admin on Tue Jun 23, 2015 9:33 pm

France, Spain and Portugal will seal an elusive political agreement early next week that is intended to increase exports of Algerian gas into Europe and further challenge Russia’s market dominance.

The deal has been billed as a resolution to a long-running impasse around one of the EU’s most intractable energy bottlenecks: the Pyrenees. In energy terms, Spain and Portugal are in effect an island because French power companies have historically resisted the threat posed by cross-border flows of electricity and gas.

Read further at link: ft.com


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