Algeria to increase Italy gas deliveries, Sonatrach CEO says

Algeria will increase gas deliveries to Italy this year to 25.2 billion cubic metres from 20.9 billion cubic metres in 2021, Algerian state-owned firm Sonatrach's CEO Tewfik Hakkar said on Wednesday.

Gas exports have so far reached 17.8 billion cubic metres, a rise of 17 percent, Hakkar told news agency Bloomberg.

Hakkar's remarks were aimed at ending rumours that Algeria is facing difficulties fulfilling its contract with Italy, a source familiar with the matter told Reuters.

The key message is "don't worry Italy, Algeria will supply the agreed volumes," said the source, who asked not to be named.

Algeria produced 103 billion cubic meters of gas in 2021, exporting 54 billion cubic meters, according to Sonatrach's figures.

(Reuters)