Algeria’s natural gas accounts for about 20 percent of it budget revenues and 40 percent of export earnings. According to fossil fuels major BP, the country owns the 1oth-largest proved natural gas reserves in the world. At the heart of EU-Algeria energy relations is the Southern Gas Corridor: a major EU natural gas supply diversification project, which is expected to deliver only 10 bcm/y to the EU by 2020. While Spain and Portugal would be the main customers for Algerian gas, Germany is the main EU investor in green hydrogen. “Algeria is a strategic and reliable partner for the EU’s natural gas supply,” said the commission in a statement on Thursday.

Source: The North Africa Journal February 12, 2026 16:39 UTC