towards an annual production target of 200 billion m³ – La Nouvelle Tribune

towards an annual production target of 200 billion m³ – La Nouvelle Tribune
towards an annual production target of 200 billion m³ – La Nouvelle Tribune

Algeria is working assiduously to strengthen its influence on the regional and international energy market, with clearly stated ambitions in the field of natural gas. During a recent media intervention, this Monday, May 27, Mohamed ArkabAlgerian minister of Energy and Miningunveiled the government’s ambitious targets to significantly increase production of natural gas from the country.

Currently, Algeria produces nearly 137 billion cubic meters of natural gas per year. However, the Algerian government aspires to bring this annual production to 200 billion cubic meters over the next five years. This substantial increase reflects the Maghrebi country’s desire to consolidate its leading position in the energy market and meet the growing demand for natural gas on a global scale.

The national hydrocarbon company, Sonatrach, plays a key role in achieving this goal. Sonatrach, which manages the majority of the country’s gas resources, has already announced its intention to achieve production of 100 billion cubic meters per year. This initiative is part of a global strategy aimed at modernizing existing infrastructure and exploring new gas deposits.

To achieve these objectives, Algeria is banking on several strategic levers. On the one hand, the massive investment in technologies exploration and production is crucial. On the other hand, the strengthening of international partnerships and attraction of foreign capital are also at the heart of this strategy. These measures will make it possible to maximize the exploitation of gas reserves and ensure stable and sustainable production.

At the same time, Algeria is seeking to diversify its export markets. Traditionally, Europe has been the main customer of Algerian gas. However, with growing demand in Asia and emerging opportunities in Africa, Algeria is exploring new markets for its gas exports. This diversification is essential to reduce dependence on certain markets and strengthen the economic resilience of the country.

The Arab country knew how to use the Russian-Ukrainian conflict to its advantage. Indeed, after the outbreak of this war, the gas supply chain was disrupted in Europe. From then on, many European nations turned to Algeria with the aim of signing major supply contracts and guaranteeing their gas stocks.

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