Gas: Algeria consolidates its position as 1st supplier to Spain, 2nd to Italy in 2020

February 7, 2021

Algiers- Algeria consolidated, in 2020, its position as Spain's largest gas supplier and Italy's second largest supplier, Sonatrach said in a press release on Wednesday.

Algiers- Algeria consolidated, in 2020, its position as Spain’s largest gas supplier and Italy’s second largest supplier, Sonatrach said in a press release on Wednesday.

In 2020, Algeria exported to Italy a volume of gas of 14.8 billion m3, an increase of 12% compared to 2019, according to Sonatrach. Its market share, thus, increased to a level of 22% in 2020 compared to 18% in the the previous year. ”

In addition, Algeria consolidates its position as the 2nd largest gas supplier for the Italian market despite the drop in gas imports from Italy in 2020, which recorded a drop of 8% compared to 2019, to stand at 66 Billions of m3, ” added the state-own company, explaining that this drop in consumption is due, in particular, to the Covid-19 pandemic.

On the other hand, Algeria is, also, consolidating its position as Spain’s leading gas supplier in 2020 with an exported volume of 9.6 billion m3 (part of which is destined for Portugal), which represents a market share of more than 29%.

Noting that Spain’s gas imports fell by around 13.5% in 2020 compared to 2019 to stand at 32.6 billion m3. These gas volumes were delivered by pipeline through Medgaz and GME to Spain, via GEM to Italy as well as by the SONATRACH LNG carrier fleet (LNG).

dzbreaking


oil and gas

Technology

Solar-powered computers accelerate digit...
February 28, 2021
IFC invests in Liquid Telecom bond to su...
February 27, 2021
Hyosung TNS Invites Customers to &l...
February 27, 2021