Algeria maintains its domination of the Spanish natural gas market, rising for the sixth consecutive month to the rank of leading supplier to the country.
This remarkable performance dethrones the United States, which previously held this position for many years.
With a market share of 42%, Algeria is well ahead of its competitors, leaving Russia far behind at 25.7% and the United States at 18.2%.
Last May, Algerian exports of natural gas to Spain reached 10,267 GWh (gigawatt-hour), or 36.3% of the country’s total natural gas imports for that month, according to the Enagas group, network manager. Spanish gas company.
Gas sales to Spain: Algeria consolidates its position as a leading supplier for the sixth consecutive month
This dominant position of Algeria is affirmed throughout 2024. During the first five months of the year, Algeria supplied 36.1% of the natural gas imported by Spain, surpassing Russia (22.5%) and the United States (19.4%).
Alongside this dominance in the natural gas market, Algeria is also establishing itself as an important player in the field of liquefied natural gas (LNG), where Spanish LNG imports from the United States have seen a notable decline in recent months, going from 11.01 TWh (terawatt hours) in March 2023 to 5.29 TWh in May 2024.
Moreover, Algeria’s contribution to the energy security of the European continent is highlighted by the annual report of the Gas Exporting Countries Forum (GECF).
In conclusion, Algeria asserts itself as an essential energy partner for Europe. Its reliability, considerable resources, and strategic geographic position enable it to meet the growing energy needs of its European partners and contribute to the continent’s energy security.
