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Monday, 21 September 2020

Algeria's gas exports to fall sharply in 2025: Minister

The decline is mainly due to stagnant output, a rise in domestic consumption, and insufficient investment

Reuters , Monday 10 Aug 2020
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Algeria’s gas exports will drop to 26 billion cubic metres per year in 2025 from 45 billion in 2020, energy minister Abdelmadjid Attar told Ennahar TV.

“Exports in the period 2025-2030 will be between 26 to 30 billion cubic metre per year,” Attar told Ennahar.

The decline is mainly due to stagnant output, a rise in domestic consumption, and insufficient investment.

Algeria’s gas exports peaked in 2005 at 64 billion cubic metres.

It exported 51.4 billion cubic metres in 2018.

Algeria derives 95% of its foreign revenue from oil and gas sales.

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