Algeria has threatened to halt gas deliveries to Spain’s “Naturgy” if the latter decides to sell its shares to another company, Reuters reports.

The threats come amid media reports that Abu Dhabi National Energy Company (TAQA) is in negotiations to acquire a full share of “Naturgy”, Spain’s largest natural gas company.

“Naturgy” has a significant stake in the main gas pipeline between Spain and Algeria, in addition to key contracts with Algeria’s “Sonatrach” for gas supply.

The company has also signed contracts for the supply or payment of a fine until 2032 with Algeria, reflecting the importance of relations between the two countries in the field of energy.

For its part, “Naturgy” denied participating in any negotiations on the sale of its shares, stressing that it is committed to the current contracts with Algeria.
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Algeria maintained its position as the largest gas exporter to Spain for the sixth month in a row, ahead of the United States and Russia.

According to data from the natural gas operator in Spain, “Ena Gas,” Algeria’s natural gas exports last May amounted to 10,267 gigawatts per hour, representing 36.3% of Spain’s total gas imports during this month.

Algeria topped the list of gas suppliers to Spain during the first five months of this year, with a percentage of 36.1%, ahead of Russia 22.5% and the United States 19.4%.

Spain’s imports of American liquefied gas fell to third place by 18.2%, falling to 5.29 terawatt hours, compared to 8.01 terawatt hours in February 2024, and 11.01 terawatt hours in March 2023.
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