Algerian President Abdelmadjid Tebboune has delivered a strong message at the 8th Gas Exporting Countries Forum in Moscow, emphasizing the need for stable gas investments and a fair energy transition that takes into account the needs of developing countries. In a speech read on his behalf by Prime Minister Aïmene Benabderrahmane, Tebboune stressed that Algeria will remain a reliable and secure supplier of gas, reaffirming its commitment to completing projects that support African integration.
The speech highlighted the importance of guaranteeing stable investments in the gas sector and adopting a fair energy transition that considers the needs of developing countries. Tebboune also emphasized that the transition to renewable energy should not burden developing countries with responsibilities and costs they cannot afford. He cited the example of the Trans-Saharan Gas Pipeline, a major project that aims to transport gas from West Africa to North Africa and then to European markets.
The President's speech also focused on the impact of fluctuating regulations on investment and supply, stressing that huge investments in gas infrastructure require stable rules and fair pricing, particularly in long-term contracts. He called for a dialogue that leads to a consensual regulatory framework that protects investments and directs them towards areas most in need. Tebboune emphasized that each country has the right to determine its own energy policy.
Tebboune identified three key elements of energy security: predictable demand, guaranteed supplies, and fair pricing that covers the value of the resource and the size of investments. He stressed that this allows for continuous supply and takes into account the economic, social, and climate goals of countries. The President's message was well-received at the forum, which celebrated its 25th anniversary.
On the African continent, Tebboune dedicated part of his speech to the Trans-Saharan Gas Pipeline project, which aims to transport 30 billion cubic meters of gas per year. He expressed Algeria's readiness to share its expertise to make the project a success, linking it to the fight against energy poverty and achieving sustainable development within the framework of South-South cooperation.
The President also emphasized Algeria's commitment to its obligations towards its partners, even in difficult circumstances. He highlighted the country's position as one of the top ten global gas producers and its role as the second-largest supplier of gas to the European Union via pipelines. Tebboune also pointed to Algeria's experience in production and export via pipelines and liquefied natural gas.
Finally, Tebboune rejected the idea of imposing an energy transition on developing countries without considering their responsibilities and capabilities. He stressed the need to preserve their right to development and a healthy environment, presenting gas as a partner to renewable energies that helps stabilize electricity networks and reduce dependence on more polluting sources. Algeria aims to produce 15,000 megawatts of renewable energy by 2035.
Key points
- Algeria's President Tebboune calls for stable gas investments and a fair energy transition at the Moscow Gas Summit.
- The President emphasizes the importance of the Trans-Saharan Gas Pipeline project for African development and energy security.
- Tebboune rejects the idea of imposing an energy transition on developing countries without considering their responsibilities and capabilities.
