Unlocking Algeria’s Shale Gas Boom: A Game-Changer for Europe’s Energy Future
With no Russian gas and declining Norwegian gas exports, where will Europe get its gas from? (With 4 charts, a table, and two maps)
Source: S&P Global Commodity Insights, May, 2023
Algeria possesses one of the world’s largest shale gas resources, which, if developed, could transform the North African country’s upstream activity and significantly boost its gas supply to Europe. Converting this potential into export volumes requires policy clarity, substantial capital investment, technology transfers, and careful environmental and social management.
This Note provides an overview and analysis of:
Algeria’s gas potential, particularly shale
The new Hydrocarbon Law and incentives to attract IOCs for exploration and development.
Potential implications for Europe.