Algeria

Italy’s Eni SpA saw its natural gas sales drop by almost a quarter in the third quarter of 2022 compared to year-prior levels, but soaring commodity prices led it to another high profit period as it progresses efforts to replace Russian imports and optimize its LNG business. The firm’s natural gas sales plummeted during the…

Production and capacity issues in Algeria and Nigeria could impact future natural gas pipeline and LNG exports to Europe, complicating buyers’ hopes that contracted supplies can help bridge the gap caused by the shutdown on Nord Stream 1. Liquefied natural gas is projected to meet about half of Europe’s gas demand through 2030, according to…

Following a supply deal in April, Italy plans to reduce reliance on Russian fossil fuels by investing in Algeria’s natural gas and green hydrogen and by expanding its import infrastructure with two floating storage and regasification units (FSRUs). Italy is one of Europe’s largest natural gas consumers. It has three LNG import terminals with a…

Italy’s Eni SpA is expanding partnerships and exploration in some of its existing territories in order to boost natural gas deliveries to Europe. Eni announced it is working closely with the state-owned Egyptian Natural Gas Holding Co. to increase gas production and liquefied natural gas (LNG) exports from the country, with a specific target of…

Natural gas production from shales will account for 30% of global output by 2040 as shale resources are developed in more countries, particularly Mexico and Algeria, according to the U.S. Energy Information Administration (EIA).

It was 50 years ago this month that the Methane Princess delivered the world’s first commercial liquefied natural gas (LNG) cargo from Algeria to the United Kingdom. Much has changed since, and notably, Algeria could see its profile as an LNG supplier grow while European consumers increasingly turn to the fuel as an alternative to pipeline gas from Russia.