Algeria’s gas exports have reached a record peak of 56 billion cubic meters (bcm) in 2022, with the Director of the North African country’s Ministry of Energy and Mines, H.E. Miloud Medjelled, indicating that shipments are likely to surge further in 2023.
Expressing his interest in Algeria’s national oil and gas company, Sonatrach, to double its gas production to 100 bcm for export from 2023, the country’s President, H.E. Abdelmadjid Tebboune, stated, “The country produces 102 bcm of gas annually, half of which is consumed by the local market. I hope that in 2023, Sonatrach will reach the export of 100 bcm.”
Boasting a production rate of 130 bcm of gas annually, of which over 50 billion is exported, Algeria is well-positioned to take advantage of the global demand for natural gas, particularly in countries seeking to find alternative sources in the wake of Russia’s invasion of Ukraine earlier this year.
In 2022, Sonatrach has signed agreements with Italy and Slovenia to supply 9 billion and 300 million cubic meters of gas, respectively, transporting its gas through the Transmed-Enrico Matei, and Medgaz pipelines, which pass through northern Algeria into Spain.
