Algerian President Abdelmadjid Tebboune has emphasized the strategic role of natural gas, describing it as a sustainable pillar of national economies, not a temporary option. In a speech read on his behalf by Prime Minister Sifi Ghrieb at the 8th Summit of the Gas Exporting Countries Forum (GECF) in Moscow, Tebboune highlighted Algeria's pioneering role in the gas industry. He reiterated Algeria's commitment to being a reliable and safe supplier of natural gas.
The GECF summit, held under the presidency of Russian President Vladimir Poutine, brought together representatives of gas-exporting countries to discuss the current state of the global energy market. Tebboune's speech emphasized the need for a unified voice among gas producers to defend common interests and expand the presence of gas in new markets. He called for strengthening cooperation among GECF members to ensure market stability and security of supplies in the face of geopolitical tensions.
Tebboune highlighted the significance of the "Algeria Declaration," which was adopted at the 7th GECF Summit in 2024. The declaration recognized the strategic place of natural gas in the global energy security system. He stressed the need for a stable regulatory framework to support investments in the gas industry, citing the injection of billions of dollars into gas infrastructure.
The Algerian President emphasized the importance of a "just and progressive" energy transition, highlighting the role of natural gas as a partner to renewable energies. He noted that natural gas guarantees the stability of electrical systems, contributes to emission reductions, and allows for avoiding a return to more polluting energy sources.
Tebboune also underscored the need for an equilibrium between predictable demand, guaranteed supplies, and equitable remuneration to ensure global energy security. He called on the GECF to play a more significant role in promoting technologies that reduce emissions and improve energy efficiency.
The President highlighted Algeria's experience in the gas industry, dating back to 1964 when the country built the world's first natural gas liquefaction complex in Arzew. He emphasized Algeria's commitment to being a reliable supplier, ranking among the top ten global gas producers and the second-largest supplier of natural gas to the European Union via pipeline.
Key points
- Algerian President Abdelmadjid Tebboune calls for consolidating the role of gas producers at the GECF summit.
- Tebboune emphasizes the strategic role of natural gas in ensuring energy security and promoting a just and progressive energy transition.
- Algeria reaffirms its commitment to being a reliable and safe supplier of natural gas.
