Algeria mozambique jun energy storage

Is Algeria a key natural gas supplier to Europe?

Unauthorized access or electronic forwarding, even for internal use, is prohibited. Algeria, long renowned for its abundant hydrocarbon resources, is now navigating a dual path: sustaining its role as a key natural gas supplier to Europe while rapidly accelerating its energy transition ambitions.

Will Algeria develop a 2 GW solar project in 2023?

In July 2023, Algeria’s state-owned power utility Sonelgaz revealed a list of bidders for a 2 GW solar tender launched in February. The selected bidders are poised to develop solar projects in 11 locations throughout the North African country with capacities ranging from between 80 MW and 220 MW.

Is Algeria ready for low-carbon energy?

The recent MOU signed between Sonatrach, Sonelgaz and a consortium of European partners, including VNG, Snam, Seacorridor and Verbund Green Hydrogen, underlines Algeria’s commitment to tapping into the global demand for low-carbon energy.

What is Algeria's Energy Transition Strategy?

One of the most ambitious elements of Algeria’s energy transition strategy is the development of the SoutH2 Corridor, aimed at supplying Europe with green hydrogen.

Does Algeria need more solar power?

With domestic gas consumption rising, the country must reduce internal demand if it is to sustain its export volumes. To that end, Algeria has set a target of 22 gigawatts of renewable capacity by 2030, focusing on solar photovoltaic (13.5 GW), wind (5 GW), concentrated solar power (2 GW) and biomass (1 GW).

What does Algeria's new hydrocarbon law mean for foreign investors?

At the heart of Algeria’s energy landscape transformation is its revised hydrocarbon law (Law 13-19), introduced in December 2019. This legal framework offers significant improvements to attract foreign investors, addressing concerns over Algeria’s historically rigid energy sector.