Algeria's gas exports expected to decrease by 40% over 2020-2025
According to the energy minister, Algeria’s natural gas exports are expected to decrease by more than 40% between 2020 (45 bcm) and 2025 (26 bcm) due to stagnant production, rising domestic demand and insufficient investment. In 2019, exports reached 42.7 bcm.
Algeria aims to attract international investors to offset its declining production and to maintain its exports. In December 2019, the country adopted a new hydrocarbon law, which introduces new types of contracts for companies willing to cooperate with the national oil and gas company Sonatrach on projects, including production sharing, participation and risk services. The text also simplifies procedures for foreign investors.
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