French utility Engie SA is closing in on an agreement with Algeria for an increase in imports of natural gas, a deal that could come after an official visit to the country by President Emmanuel Macron.
“Diplomatic negotiations are ongoing,” government spokesman Olivier Veran said Sunday on BFM TV, adding that an announcement could come shortly, according to France 24.
Europe 1 radio first reported on the possible accord that could raise deliveries by about 50%.
“There was a rapprochement during the visit,” Veran said. “During his visit, the French president stressed that France depends a little on gas for its energy needs, about 20 per cent, while Algeria represents 8 to 9 per cent in total.”
Source: Jordan News Agency