Economy

European Commissioner for Energy: Algeria is one of the most reliable partners for the European Union

European Commissioner for Energy Kadri Simson said Tuesday here in Algiers that Algeria is one of the “most reliable” partners for the European Union in the field of energy and it is “natural” to resort to it at a time when European energy markets are experiencing fluctuations.

Mrs. Simson indicated, during the Algeria-EU Business Forum on Energy, chaired by Prime Minister Aïmene Benabderrahmane, that Algeria and the European Union can jointly enhance their cooperation in the energy field in a sustainable manner, since gas represents the “central link” of the energy partnership between the two parties.

While stressing that the European market “still depends at 90 percent on its gas imports,” the European official welcomed Algeria’s investment in new gas exploration and production projects.

Mr. Simpson also touched on the possibility of helping to increase the volume of Algerian gas available for export by “recovering the gas lost during the flaring of gas associated to oil or methane leaks”.

In the same regard, the European official said “We discussed yesterday with the Minister of Energy and Mines Mohamed Arkab how to further develop this field adding that the European Union is ready to provide its expertise.”

Moreover, Ms. Simpson considered that the new energy cooperation between Algeria and the European Union means “working in fields other than gas,” referring to potential cooperation in renewable energies and hydrogen.

The European official stated that Algeria possesses “one of the largest solar energy potentials in the world,” adding that “the European Union is ready to assist Algeria in fully exploiting this potential.”

She concluded by saying “Our goal is to establish tangible and sustainable business links, enhance trust, and help define what all actors can do to strengthen the relationship between Algerian and European energy institutions”.

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