The Tunisian Electricity and Gas Company (STEG) and Algerian state-owned oil company, Sonatrach, have decided to renew the contract of natural gas purchase and sale (of March 3, 1997), for the next eight years, until 2027, with the possibility of extending it another time, for another 2 years, the Ministry of Energy, Mines and Energy Transition announced Thursday.
The two parties also agreed to increase the volume of natural gas already agreed by contract by 20% from 2025, in anticipation of the expected rise in consumption on this strategic market.
The Energy Department stressed, in this context, that the agreement will enable STEG to ensure its natural gas supply over the coming years and Sonatrach to strengthen its position as the main supplier of natural gas to Tunisia.
