Tuesday October 26, 2021
Algeria committed to remaining reliable gas supplier to Europe
Published : 12 Oct 2021, 02:54
Algerian Minister of Energy and Mines Mohamed Arkab affirmed on Monday that his country will remain "the faithful and guaranteed" gas supplier to Europe, reported Xinhua.
The minister said his country is a reliable supplier of natural gas because it has abundant reserves of gas and the state-owned Sonatrach is an efficient and experienced oil producer, according to the reports of local media.
Arkab said the Medgaz gas pipeline, linking Algeria and Spain by sea, guarantees an annual supply of 8 billion cubic meters of gas, noting that the pipeline capacity is due to increase to 10.6 billion cubic meters by December.
Algeria, producing 1.2 million oil barrels per day and 130 billion cubic meters of natural gas annually, is Africa's biggest natural gas exporter. It has been using pipelines and tankers to provide natural gas to European countries such as Spain and Portugal.