A new discovery at Algeria's biggest gas field Hassi Rmel has an initial estimated capacity of between 100 Bcm and 340 Bcm of gas condensate, state energy firm Sonatrach said in a statement on June 27.
"A development works program is underway to confirm the estimated volumes and achieve fast-track production of around 10 MMcm/d starting from November 2022," Sonatrach added.
Algeria’s gas output last year reached a record 103 Bcm, with exports of 54 Bcm, according to Sonatrach figures.
Exports to Italy, which accounted for 21.2 Bcm last year, are expected to be gradually ramped up by another 9 Bcm a year after the two countries signed an agreement in April.
Algeria's role as a key gas supplier for Italy, Spain and other southern European countries has increased in importance this year after Russia's invasion of Ukraine and Europe's imposition of sanctions curbed Russian gas flows to Europe.
Increased demand for its energy has brought relief to Algerian public finances after years of declining oil sales that have slashed foreign currency reserves.
Recommended Reading
EIA Reports Smaller than Expected NatGas Withdrawal-Analysts
2025-03-06 - A mild end to February shows a surprising demand decrease for natural gas, according to analysts citing U.S. Energy Information Administration data.
Enbridge Plans $2B Upgrade for Mainline Crude Pipeline Network
2025-03-05 - New tariffs imposed by President Trump are unlikely to affect Enbridge’s Canadian and U.S. operations, CEO says.
Gas-Fired Power Plants Create More Demand for Haynesville Shale
2025-03-04 - Expansions and conversions of Gulf Coast power plants are taking advantage of the plentiful Haynesville Shale gas.
Reset Energy to Build a Nitrogen Rejection Unit for Permian Residue Gas
2025-03-04 - Reset Energy will install a nitrogen rejection unit at a large-scale facility in the Permian Basin to deliver a residue gas product for a midstream operator.
EIA Reports NatGas Rig Count Fall-Off in ’23, ’24
2025-03-04 - The U.S. Energy Information Administration’s report of a falling natural gas rig count backs up statements from producers in the Appalachian and Haynesville basins.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.