Algerian President Tebboune has delivered a message to the 8th Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF) in Moscow, emphasizing that global energy security relies on an indivisible balance. This balance comprises predictable demand, guaranteed supplies, and fair compensation for the value of resources and investments, ensuring sustainable supplies while balancing economic and social development needs with climate objectives.
President Tebboune's message, read by Prime Minister Sifi Ghrieb, highlighted the resilience of the gas industry during successive global energy market crises. He stressed that natural gas is not a temporary solution but a crucial pillar of national economies. The President also noted that while energy policy-making falls under each state's sovereignty, unstable legislation can destabilize markets, hinder investments, and compromise energy supplies.
The President emphasized the need for stable regulatory frameworks and fair gas pricing, particularly in long-term contracts, to encourage investments in gas infrastructure. He called for constructive dialogue to establish a consensual regulatory framework that guarantees investment security and directs it towards regions in need. This approach aims to ensure a stable and secure energy supply.
President Tebboune advocated for a just and progressive energy transition that does not exclude any country or impose undue responsibilities on developing nations. He highlighted the role of natural gas as a partner to renewable energies, ensuring grid stability, reducing emissions, and preventing a shift to more polluting sources. This approach supports a smooth transition to more sustainable energy systems.
The President reaffirmed Algeria's commitment to developing its gas industry capabilities across the value chain. He also emphasized the importance of enhancing investments in modern technologies and infrastructure, as well as intensifying international cooperation, to ensure reliable supplies and strengthen regional and global energy security.
Algeria's commitment to collaboration with GECF member states aims to reinforce the role of natural gas in the global energy system and promote its position as an essential transition energy source. The country supports dialogue with consumer countries to establish stable and balanced gas markets based on mutual interests and respect for state sovereignty over natural resources.
President Tebboune highlighted the significance of the Algiers Declaration, adopted during the 7th GECF Summit in 2024, which solidified the strategic position of natural gas in global energy security. He also noted the creation of the Gas Research Institute (GRI) in Algiers, which will play a more in-depth role in promoting technologies for emission reduction, carbon capture, and energy efficiency.
Key points
- President Tebboune emphasizes the importance of a balanced approach to global energy security.
- The President advocates for a just and progressive energy transition.
- Algeria reaffirms its commitment to developing its gas industry capabilities and collaborating with GECF member states.
