Zerguine said investors including Sonatrach have so far ruled against the project which would deliver to Italy eight billion cubic metres of gas. Zerguine added that the decision to delay the project follows conflict on prices which the other partners want to impose on his group.
The contrasts reportedly verge on price index mechanisms based on the listing of oil prices which is not considered viable by the Algerian side. ''We think we must not invest if such investments are not guaranteed and protected', said Zerguine. Italian utilities Eni and Edison are partners in the Galsi consortium in which Sonatrach has a 41.6 percent share.