Africa undoubtedly been known to be blessed with natural resources likewise other continents, though there are measures to them all. Crude oil being the natural resource from which other sub products are derived from which include petrol, kerosene, gas. No longer a thing of story about the short supply of gas within the country and beyond not withstanding the fact that some countries have some natural resources as export to increase their revenue and income.
Greetings friends, trust we all are cool, safe and okay. Coming to us is the latest about gas supply and its aftermath following the conflict between Russia and Ukraine.
Algeria's energy minister Mohamed Arkab, cited by state news agency APS on April 27, said that if Algerian gas that was supplied to Spain is redirected to a third country it would be considered a breach of contract.
"Any transport of quantities of Algerian gas delivered to Spain, whose destination is none other than that provided for in the contracts, will be considered as a breach of contractual commitments, and therefore, could lead to the termination of the contract binding Sonatrach to its Spanish customers," Arkab said.source
Contractual agreement if not kept by the two parties will be bridged. The fact isn't that it will be terminated but its aftermath because it will lead to the shortage or lack of gas in other countries dependent on Spain for their survival,this on the other way round have effects on the economy and the citizens at large. As known that Spanish gas being the lowest when it comes to price around Europe has been in constant supply to Morocco but because of the beef between Morocco and Algeria, Algeria has threatened to terminate their contract with the said country. Now the question being posed could it be that Morocco and Spain will look for an alternative if the contract is not being kept thereby spiking the cost of things in the two countries and means of survival tampered with?
North African gas supplies to Europe have grown increasingly important this year as the Ukraine crisis has cast doubt on Russian energy exports, and Algeria has agreed to raise its supply to Italy.
Algeria wants to take advantage of higher demand for its gas after years of declining energy sales that have eaten into its foreign currency reserves.source
The aftermath of Russian and Ukraine crises still looming and having an effect in the economy. On a normal hand the gas supply from both countries waging war could have been in so much circulation to the neighbouring countries and Morocco can still benefit if they want to there reducing the cost of commodities and money in normal circulation. But now its on the other hand as Algeria is threatening to bridge their contract making the perpetual flow of gas bring diminished. The diminutive nature of commodities and relationship between Algeria and Spain will now be on a concise form owing to the effect that the right proportion of terms agreed and peace isn't simultaneously kept making thereby creating loopholes in the said agreement. In my own opinion,I think peace should be maintained and conflicts settled between the countries involved.
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