In 2013, Algeria and the European Union signed a memorandum of understanding to establish a strategic partnership focused on the field of energy.
Algeria and the European Union will consolidate and advance their relationship in the energy sector in accordance with the agreement that has united them since 2013. This is what emerges from the 4th annual meeting of the high-level political dialogue on energy between Algeria and the European Union, held in Algiers from Monday 10 to Tuesday 11 October.
“The two parties have renewed their common will to strengthen their relations in the field of energy”, declared during a press conference, the Algerian Minister of Energy and Mines, Mohamed Arkab (photo).
To achieve this, the two entities envisage “the continuation of exchanges and consultations within the framework of the working groups of experts on the subject of natural gas and the prospects for the development of infrastructures and electricity, in particular the electrical connection, the new and renewable energies and energy efficiency ”.
They also plan to work, among other things, to encourage investments in the field of hydrocarbons in the upstream and downstream segments. Arkab called on companies from EU states to “seize all the opportunities” offered by the Algeria-European Union bilateral relationship to establish mutually beneficial business relationships in Algeria.
In a fluctuating global energy context marked in Europe by the suspension of Russian gas supplies, Algeria is increasingly seen as “a strategic, secure and credible partner” in terms of energy supply.
In recent months, several countries of the old continent have initiated talks with African countries, including Algeria, with a view to substantially increasing the volumes of gas delivered to Europe. Note that in March, the Algerian government had indicated that it was ready to supply gas to Europe if Russian deliveries were to drop.
