Algeria's Energy Minister, Salah Khebri, and British Special Representative, Lord Richard Risby, held a bilateral meeting to discuss greater energy cooperation between the two countries.
Italian energy company ENI ponders cancellation of its long-term gas contracts with Algeria, Russia, and Norway due to suffered losses of hundreds of millions of Euros, and the impasse at the Turkish Stream gas pipeline.
Algeria has increased gasoline, diesel, gas and electricity prices in its 2016 budget to cope with a sharp fall in energy earnings and ahead of further austerity measures.