Algeria to maintain gas supplies to Spain despite dispute
Algeria's announcement concerning the immediate suspension of the treaty of friendship and good neighborliness concluded with Spain in October 2002, after Madrid’s radical change of position on the Western Sahara issue on March 18, will not have negative consequences on gas contracts signed by the two countries.
The ongoing political crisis between Algeria and Spain has directly impacted economic and trade relations between the two countries.
On June 8, Algiers announced the immediate suspension of the treaty of friendship and good neighborliness concluded with Spain in October 2002 after Madrid’s radical change of position on the Western Sahara issue on March 18.
In the wake of the announcement, all banking operations to and from Spain were suspended. On June 9, the Association of Banks and Financial Institutions notified directors of banks and financial institutions to proceed with the immediate freezing of direct debits of foreign trade operations of products and services from and to Spain.
However, gas deliveries to Spain are not affected by this escalation.
