Algeria agreed to ship five cargoes of liquefied natural gas toEgypt before the end of the year, a source at Algerian state energy firm Sonatrach said, helping its north African neighbour with its worst energy crunch in years.
The offer of five 145,000-cubic-metre cargoes was made after a visit by Egyptian President Abdel Fattah al-Sisi to Algiers, his first trip abroad since taking office. Sisi was seeking Algeria’s support to counter Islamist militancy and cooperation on the chaos in neighbouring Libya.
“We did not reach a deal on pricing yet, but it is almost a deal,” the source said of the agreement, which is part of talks over supplying Algerian gas for Egyptian power stations. […]