The energy independence rate, which represents the ratio of primary energy resources to primary consumption, stood at 41% at the end of October 2024 compared to 49% at the end of October 2023, according to the report on the energy situation of the month of October 2024, published by the National Energy and Mines Observatory.
Whereas, without accounting for the fee, the energy independence rate would be limited to 31% at the end of October 2024 compared to 38% during the same period of 2023.
The primary energy balance shows, at the end of October 2024, a deficit of 4.5 Mtoe, thus recording an increase of 14% compared to the same period 2023, including the fee.
According to the observatory, primary energy resources stood at 3.2 Mtoe at the end of October 2024, thus recording a drop of 16% compared to the same period of the previous year. This decline is mainly due to the decrease in national production of crude oil and natural gas.
Primary energy resources remain dominated by national production of oil and gas, which both represent 70% of total primary energy resources.
The share of renewable electricity (STEG and private production and self-production) represents 2% of primary resources at the end of October 2024.
It should be noted that the royalty on the transit of Algerian gas recorded a drop of 11% at the end of October 2024 compared to the same period 2023.
For primary energy demand, it recorded a slight drop of 1% between the end of October 2023 and the end of October 2024. In fact, the demand for natural gas decreased by 4% and that of petroleum products, on the other hand, recorded a slight increase of 2%.
It should be noted that demand for natural gas decreased by 4% following the limitation of Algerian gas purchases.
And to meet and cover the entire national demand for electricity, STEG has moved towards importing electricity.
Still according to the observatory, the structure of demand for primary energy has recorded a slight change, in fact, the share of demand for petroleum products increased from 48% at the end of October 2023 to 49% during the same period of 2024. Natural gas, on the other hand, went from 51% at the end of October 2023 to 50% at the end of October 2024.
