Bloomberg: Italy Doubles Algerian Gas Imports on Tumbling Oil Prices

Italy is doubling imports of natural gas from Algeria as lower oil prices filter into long-term supply contracts, reducing costs of the heating fuel.

Algerian gas flows into the Mazara del Vallo entry point were 23.5 million cubic meters (825 million cubic feet) Tuesday, up from 10.7 million at the end of last month, according to data from Italian grid operator Snam Rete Gas. Imports of Algerian fuel fell in March to the lowest level for that month since at least 2010 and tumbled 46 percent in 2014.

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