“Our country has, in addition to the advantages in the energy sources from gas and oil, significant potential in the field of solar energy, a vast electricity network, and national and international natural gas transport infrastructure, as well as an industrial fabric”, he said.
Data from the European Union shows Algerian gas flows to Italy up 41% year on year in the third quarter of 2022.
Eni, TotalEnergies, Occidental Petroleum and Sonatrach have signed a production-sharing contract (PSC) extending control over two blocks in Algeria’s Berkine Basin.
Spain will export gas to Morocco, it has said, but will ensure these flows do not include Algerian gas.
Eni has signed a deal to secure more gas flows for Italy from Egypt, just two days after striking a similar agreement with Algeria.
Algeria will hold its legislative elections on June 12, offering a slim opportunity for change – although with concerns already around turnout and legitimacy.
Rising COVID-19 numbers in Algeria have driven Sonatrach boss Toufik Hakkar to call for employees to increase their vigilance.
Sonatrach is facing a “deep audit” by the Algerian state, while the company also attempts to control costs.
Algerian President Abdelmadjid Tebboune has appointed Toufik Hakkar to head up Sonatrach, ousting Kamel Eddine Chikhi. Hakkar was previously a vice president at the group.
A veteran Algerian politician won a presidential election spurned by most voters, giving fresh impetus to protests demanding a complete revamp of the OPEC member’s political system.