Algeria is keeping its promise to supply Europe with additional natural gas as the continent continues replacing Russian imports. 

Algeria LNG exports reached record highs during the first nine months of this year, increasing 35% year-over-year to 9.94 million tons (Mt), according to Kpler data. 

Algeria liquefied natural gas exports are being supported by a growing surplus at home. Domestic gas production is outgrowing consumption, according to Kpler LNG analyst Laura Page. 

[Want to know how global LNG demand impacts North American fundamentals? To find out, subscribe to NGI’s Daily Gas Price Index]

“Algeria has been flowing more gas to Italy via the Trans-Mediterranean Pipeline this year, but less pipeline gas has flowed to Spain,” Page told NGI. “As a result,...