{"id":103529,"date":"2024-05-31T12:47:39","date_gmt":"2024-05-31T11:47:39","guid":{"rendered":"https:\/\/jazairhope.org\/?p=103529"},"modified":"2024-05-31T12:47:39","modified_gmt":"2024-05-31T11:47:39","slug":"algeria-nears-chevron-deal-vows-to-stay-key-europe-gas-supplier","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/algeria-nears-chevron-deal-vows-to-stay-key-europe-gas-supplier\/","title":{"rendered":"Algeria Nears Chevron Deal, Vows to Stay Key Europe Gas Supplier"},"content":{"rendered":"<h4 class=\"article-header__excerpt\"><strong>State-owned Sonatrach is expected to sign the contract to develop a substantial hydrocarbons field within the next few days.\u00a0 Algeria contributes approximately 14% of the European Union\u2019s total imports of pipeline gas and LNG. Credit: Audio und werbung\/Shutterstock.<\/strong><\/h4>\n<p class=\"drop-cap\">Algeria is on the brink of finalising an agreement with\u00a0<a href=\"https:\/\/www.globaldata.com\/store\/report\/?cdmsid=1544307&amp;scalar=true&amp;utm_source=Deal%20News&amp;utm_medium=20-225055&amp;utm_campaign=company-profile-hyperlink-nonlgp\" target=\"_blank\" rel=\"noopener\">Chevron<\/a>\u00a0to enhance its natural gas exploration and production capabilities, reinforcing its position as a crucial supplier to Europe, reports\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-30\/algeria-nears-chevron-deal-vows-to-stay-key-europe-gas-supplier%22%20\/l%20%22:~:text=Algeria%20is%20close%20to%20signing,of%20the%20fuel%20to%20Europe\" target=\"_blank\" rel=\"noopener\"><em>Bloomberg<\/em><\/a>.<\/p>\n<p>In an interview with state TV, Energy Minister Mohamed Arkab said the state-owned Sonatrach is expected to sign the contract to develop a substantial hydrocarbons field \u201cwithin the next few days.\u201d<\/p>\n<p>The North African nation is also poised to sign agreements with ExxonMobil before the end of the year to develop \u201cvery important fields,\u201d which Arkab believes will substantially boost Algeria\u2019s natural gas output.<\/p>\n<p>These developments come as Algeria\u2019s energy sector experiences a resurgence following Russia\u2019s invasion of Ukraine, stepping in to supply Europe amidst a scramble for alternative energy sources.<\/p>\n<p>Algeria, which contributes approximately 14% of the European Union\u2019s total imports of pipeline gas and liquefied natural gas (LNG), has recently secured increased purchase commitments from Italy, Spain, and Germany.<\/p>\n<p>Source : <a href=\"https:\/\/www.offshore-technology.com\/news\/algeria-nears-deal-with-chevron\/\">https:\/\/www.offshore-technology.com\/news\/algeria-nears-deal-with-chevron\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Sonatrach is expected to sign the contract to develop a substantial hydrocarbons field within the next few days.\u00a0 Algeria contributes approximately&hellip;<\/p>\n","protected":false},"author":50,"featured_media":103530,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[12,4,13],"tags":[],"class_list":["post-103529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured-articles","category-the-algerian-sahara"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - 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