Algeria to Boost Gas Shipments to Asia as Sales to Europe Drop
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Algeria, Africa’s largest natural gas producer, has expanded capacity to ship the fuel on tankers and plans to sell more of it in Asia and make up for a decline in exports to Europe, its main market.
“Asia offers the best opportunities in terms of market size and market diversity,” Ahmed Mazighi, the director of market studies at state-run energy company Sonatrach, told the North Africa Oil & Gas conference yesterday in Algiers. Energy saving measures and renewables are reducing fuel consumption in European countries that account for more than 90 percent of Algeria’s gas exports, he said.