Algeria’s gas exports to Europe decreased by 22% in 2019 due to what it is described as the warm winter in the old continent, the Energy Minister, Mohamed Arkab, said when he was hosted by the third radio channel in the program (the guest of redaction).
“If Algeria does not move and leave things like this, especially the consumption pattern, it will face problems in exporting as of 2027 and it will not be able to export as of 2032”.
“The warm winter that overshadowed Europe last year caused a decrease in Algeria’s gas exports to the old continent by 22%. The same phenomenon seems to be repeated during this year” (warm winter).
According to the minister, in addition to this decline, the average price of a barrel of crude oil decreased in 2018 to $ 64 compared to 71 in the previous year, which made Algeria’s hydrocarbons’ revenues settle in only $ 33 billion (it was about $ 38 billion in 2018).
“The current pace and pattern of consumption are very worrying, as the internal consumption of gas reached 43 billion cubic meters during the past year, of which 20 billion cubic meters alone was directed to produce electricity”.
“If this pace and this pattern of consumption will continue, Algeria will face problems in exporting, starting in 2027, and will be unable to export from 2030-2032”.
“However, that things will not remain the same, because there is a new hydrocarbon law with international standards that guarantee a taxable tax system, which will contribute to increasing investment and production and raising reserves”.
“Algeria will start soon – without giving a specific date – to invest in oil and gas fields that have been discovered and not yet developed. There are 150 fields (gas and oil) that were discovered and no investments have been launched yet, which will be realized by either Sonatrach on its own or in partnerships given the catalytic hydrocarbon law”.
“The energy transfer to Algeria will be realized by diversifying energy sources between traditional and renewable energies and controlling the pattern of consumption that will enable Algeria to save 250 billion cubic meters of gas and 50 billion dollars by 2030”.
On a question about the exploitation of schist gas, Mohammed Arqab mentioned that there will be no exploitation of this resource that harms both people and the environment and the environment, and strict instructions regarding the file were provided.
On a question about the exploitation of shale gas, Mohamed Arkab explained that there will be no exploitation of this resource that harms both people and the environment, and strict instructions regarding the file were provided.
“Algeria ranks third global reserve for shale gas, and it must first be effectively evaluated, and train engineers and technicians in the best technologies and consult with experts, and in the end, if there is a trend towards shale gas, this will be a summary of all these steps that we are going to take and research about the best formula that protects humans and the environment”.