Algerian Minister of State and Minister of Energy, Mohamed Arkab, has emphasized the country's commitment to a gradual and responsible energy transition, prioritizing economic and social development. Speaking at the Africa and Mediterranean Energy and Hydrogen Conference, Arkab highlighted the need for a comprehensive approach to address global energy challenges, balancing supply security, cost control, and emission reduction.
The global energy sector is undergoing significant changes due to geopolitical tensions, market fluctuations, and increasing environmental concerns. Arkab stressed that Algeria's energy transition should be realistic, gradual, and responsible, ensuring a balance between shifting to new energy sources and maintaining supply security and economic development.
The Minister emphasized the importance of the concept of "energy addition," which involves integrating different energy sources within a system that meets development and industrial needs. He highlighted Algeria's commitment to responsibly harnessing its hydrocarbon resources, promoting its position as a reliable energy supplier, and supporting national economic growth and comprehensive development.
Arkab underscored the continued significance of natural gas in the energy mix, citing its role in providing energy flexibility and supporting industrial development. He noted that international forecasts indicate ongoing demand for oil and gas in the coming decades, necessitating continued investment in the hydrocarbon sector alongside the development of clean energies and low-carbon technologies.
Algeria aims to strengthen its position as a major energy player, leveraging its strategic location, infrastructure, and industrial capabilities to connect Africa, the Mediterranean, and Europe. The country seeks to establish long-term partnerships in energy and industry, promoting sustainable development and economic cooperation.
The Minister highlighted Algeria's focus on diversifying its energy sources, investing in clean energies, and reducing carbon emissions. He emphasized the importance of international cooperation and knowledge sharing to address global energy challenges and promote sustainable development.
Algeria's commitment to a responsible and gradual energy transition reflects its dedication to meeting its economic and social development goals while contributing to global efforts to address climate change and promote sustainable energy solutions.
Key points
- Algeria reaffirms its commitment to natural gas as a key component of its energy mix
- The country aims to strengthen its position as a major energy player in Africa, the Mediterranean, and Europe
- Algeria prioritizes a gradual and responsible energy transition, balancing economic and social development with environmental concerns
