Algeria’s finances face dim prospects triggered by a sharp drop in its key source of revenue, gas exports, which are expected to drop from 45 billion cubic meters in 2020 to 26 billion in 2025. Algeria which obtains 95% of its foreign revenue from oil and gas sales, exported 64 billion cubic meters in 2005. Algeria’s oil and gas producing capacity is shrinking every year. International Think Tanks have been worrying in recent years over Algeria’s declining gas production coupled with a surge in domestic consumption. In May 2017, the Oxford Institute for Energy Studies issued a report entitled Algerian Gas: Troubling Trends, Troubled Policies.

Source: The North Africa Journal August 10, 2020 12:33 UTC