Algerian President Abdelmadjid Tebboune has outlined the country's vision for the future of the global gas industry, emphasizing Algeria's commitment to being a reliable and secure supplier. Speaking at the 8th Gas Exporting Countries Forum in Moscow, President Tebboune highlighted the complexities of the international energy landscape, where energy security and climate change requirements are in constant flux.
The President stressed the need for a unified vision among gas-exporting countries to ensure stable markets and secure supplies. He recalled Algeria's historical role in the gas sector, including the establishment of the first liquefied natural gas complex in Arzew in 1964. Today, Algeria is among the world's top 10 gas producers and the second-largest supplier to the European Union via pipeline.
President Tebboune emphasized the importance of stable regulatory frameworks to encourage investment in gas infrastructure. He called for a balanced approach that prioritizes national sovereignty and market requirements. The President highlighted major Algerian projects, such as the Gara Djebilet and integrated phosphate projects, which aim to optimize gas resources and support global food security.
The President also drew attention to the Trans-Saharan Gas Pipeline project, with a capacity of 30 billion cubic meters per year, as a model of South-South cooperation. This project aims to eradicate energy poverty in Africa by leveraging gas resources. President Tebboune reiterated Algeria's commitment to a fair and organized energy transition that balances climate goals with national sovereignty.
Algeria has set a target to produce 15,000 megawatts of renewable energy by 2035, with a financial envelope of approximately 22 billion euros. The country also aims to become a major player in the hydrogen sector through the Southern Corridor with European partners and Tunisia. President Tebboune expressed his pride in the Algiers Declaration, which solidified the strategic role of natural gas in global energy security.
The 8th Gas Exporting Countries Forum concluded with the adoption of the Moscow Declaration, which commits to developing cooperation, applying modern technologies, and ensuring fair gas prices. The forum also saw intense diplomatic activity, including a meeting between Algerian Minister of State for Foreign Affairs Ahmed Attaf and his Russian counterpart, Sergey Lavrov.
The Algerian President's statements reflect the country's determination to play a leading role in the global gas market while promoting cooperation and stability. The forum provided a platform for dialogue and collaboration among gas-exporting countries, with Algeria at the forefront of efforts to ensure a secure and sustainable energy future.
Key points
- Algeria reaffirms its commitment to being a reliable gas supplier, emphasizing the need for stable regulatory frameworks and cooperation among gas-exporting countries.
