EU-Algiers Political Efforts Out Of Touch With Market Realities

The European Union has been tapping up Algeria as a potential source of additional gas supplies in order to lessen dependence on Russia. But, with booming domestic Algerian gas demand cutting in to the volumes available for export, and lacklustre demand in the EU itself, do the numbers stack up?

A lot of noise has been made in the past weeks on the opportunity for Algeria to up its game as one of Europe’s top gas suppliers and broaden the EU’s energy choices amid continued tension with Russia in the wake of last year’s conflict in Ukraine. Under its ‘European Energy Union’ strategy, the EU is intensifying political efforts to strengthen energy and climate relations with regional players such as Algeria and other North African nations, with the aim of increasing security of energy supplies for the EU. (CONTINUED - 1881 WORDS)

DATA INSIDE THIS ARTICLE

table Algeria’S Pipeline Gas Exports (Bcm/Y)
table World Gas Reserves By Country (Tcm)