Algeria gas transmissions to EU up 70 percent since 1995
Pipeline transmissions of gas from Algeria to Europe have surged by more than 70 percent to 30.9 billion cubic meters (bcm) between the years 1995 and 2001. During the same six-year period, total international trade in pipeline gas has risen by nearly 40 percent, according to Michael Corke of Purvin & Gertz's London office, Who was speaking at the World Methanol Conference in Rome.
Oil and gas products represent 95 percent of Algeria’s exports and constitute up to 30 percent of the North African country’s Gross Domestic Product (GDP). Algeria sits atop 3.7 trillion cubic-meter gas reserves and is currently exporting over 60 billion cubic meters of gas per year.
Ranked among the world’s top 10 gas exporters, Algeria supplies one quarter of the European Union (EU)’s gas imports. Gas is pumped through two pipelines: the TransMed link to Italy and the Maghreb-Europe line to Spain and extended to Portugal. — (menareport.com)
© 2002 Mena Report (www.menareport.com)