Algeria’s piped gas supplies to Italy and Spain sustained their late 2020 surge in the first quarter of 2021, coming in at a combined 9.53bcm – a three year high (see chart 1). This puts Algeria on course for a much better year in terms of overall gas exports after last year’s quarter-century low of 38.2bcm (MEES, 19 February).
Algeria Gas Exports: A Good Start To 2021
Algeria has increased gas exports to core customers as demand recovers. But Sonatrach has been unable to capitalize on recent high spot LNG prices.
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Charts
1: Algeria’s Combined Piped Gas Supplies To Italy And Spain Are Highest Since 1Q18 (bcm)
2: Italy Piped Gas Imports From Algeria (bcm) Were Highest In Three Years For 1Q21
3: Spain Piped Gas Imports From Algeria (bcm) Held Steady In 1q21 After Rapidly Rising From Historic Lows In Early 2020
4: Algeria’s LNG Exports (Mn Tons) Are Highest In Five Years For 1q21 At 3.45mn Tons
REFERENCED MEES ARTICLES
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