North Africa

Algeria

Within Opec, Algeria is perhaps second only to Venezuela in its inability to adapt to lower oil prices since 2014. Massive deficits are the direct legacy of spending largesse in the wake of the 2011 ‘Arab Spring’. More upstream investment is desperately needed but this will require improved terms, now promised for 2019.

State of Play

Algeria's chronic economic problems are rooted in an overwhelming reliance on declining oil and gas output. This may fuel political instability for years to come unless the government offers IOCs the incentive to boost investment.

2018 In Numbers

Crude Output	1.04	mn b/d
Crude Exports	0.47	mn b/d
Condensate Exports	0.47	mn b/d
Gas Output	92	bcm
Gas Exports	53.3	bcm
LNG Exports	9.4	mn tons
Oil & Gas export revenue	38.3	$bn

Oil & Gas

22 Nov, 2019

Featured

Algerian Gas Exports Set For Quarter-Century Low

Amid falling production and surging demand at home, Algeria’s gas exports have collapsed by 19% this year to the lowest level since 1995. A slew of competing US LNG export projects means there is little chance of higher prices to offset lower volumes.