Companies & Finance

EU wants role in Algeria’s energy transformation

EU investment in Algeria could be key to freeing up more gas for export, but a more stable regulatory framework may be needed first EU investment in Algeria could be key to freeing up more gas for export, but a more stable regulatory framework may be needed first.
By Andreas Walstad 13 April 2017 0 25485
Hassi Mouinas gas drilling, Algeria. Investing in rewneables could free up more gas for export to Europe. (Statoil)

The EU has a keen interest in Algeria’s renewables sector, the development of which would leave more gas available for export to Europe. However, major reforms are needed to boost Algeria’s attractiveness to foreign investors.

Algerian Energy Minister Noureddine Boutarfa visited Brussels this week to discuss further collaboration with the EU to help move his country’s economy away from its dependence on fossil fuels.  

The plans include solar power projects with a total capacity of 4 GW. A workshop will take place in Algiers...