ALGIERS – Sunday, 17 December 2023 (APS) – With over 50 billion m3 of gas exported annually along with prospects to increase these volumes, Algeria, which will host the 7th Summit of the Gas Exporting Countries Forum (GECF) in 2024, has become a leader in gas industry and a major player in the global energy market.
With its large natural gas reserves, Algeria is deemed as a reliable natural gas supplier, thanks to a supported investment policy in projects aimed at boosting production, transformation, and the marketing of this clean energy, with a view to meeting national and international needs.
“For over half a century, Algeria has been known as a reliable natural gas supplier and intends to remain so,” the president of the Republic, Abdelmadjid Tebboune, stressed in his participation in the 6th GECF summit in February 2022, held in Doha (Qatar).
On the same occasion, the president of the Republic stressed that Algeria will “continue developing its major natural gas resources in the best interest of our people, through cooperation and partnership.”
This Algerian commitment to bolster its standing in the global gas market stems from a long-standing experience in this industry. The latter mirrors the GECF’s decision to create its Gas Research Institute (GIR) in Algiers, and to pick Algeria to hold its 7th Summit of Heads of State and Government, to be held in Algiers from February 29 to March 2, 2024.
This acknowledgement is due to the efforts of Sonatrach Group, which achieved major projects under a strategy focused, amongst others, on exploring new deposits, extending the pipeline networks, and developing liquefaction capacities.
In terms of production, the quantity of natural gas produced is at least 100 billion cubic meters per year, of which over 50 billion m3 are for exports. This makes Algeria one of the world’s most key sources of gas supply and the first LNG exporter in Africa.
These results are achieved thanks to the increase in production and export capacities, via both gas pipelines and liquefied natural gas (LNG) carrier ships.