Italy Joins Algerian Gas Race After Iran War Hits Supplies

Italy is in talks with Algeria to buy more natural gas from the North African nation with the Iran war squeezing energy shipments, according to people familiar with the matter.

Italy’s Eni SpA is renegotiating contracts with Algeria’s Sonatrach to try and secure more gas, the people said, asking not to be named as the talks are private. The Algerian firm, however, has asked Italy to buy any extra fuel from the spot market, where gas is traded for immediate delivery and prices are currently higher, some of them said.