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Inside Investor

Algeria - Another Setback for the Galsi Pipeline

Algeria - Another Setback for the Galsi Pipeline

Situation: The much-heralded Galsi gas pipeline that would expand Europe’s reach to Algeria (and North Africa’s) gas reserves has undergone another setback—this time it may not recover.

Bottom Line: Competing gas pipelines to Europe are a bigger problem—and cause more uncertainty—than available gas reserves. In this game, everyone is hedging their bets, and…

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