Gas prices are on the rise again on global markets. This is therefore good news for the Algerian economy, which derives most of its foreign currency sources from the export of hydrocarbons

Algeria is a major supplier of gas to Europe and the ^7th largest exporter in the world. Indeed, due to new concerns related to the continuity of Russian supplies, gas prices are at their highest in a year in Europe. The legal battle between Russia's Gazprom and Austria's OMV is pushing prices up and prices could rise further in the coming days. Last Thursday, November 14, gas prices on the European market reached their highest level for the first time since November 2023, at 45 euros per megawatt hour, for the first time since November 2023. According to Guardian Tom Marzec-Manser, head of gas analysis at the independent Canadian firm ICIS, the situation could reach a peak as early as next week, when the next

It should be noted that Algeria is among the 10 largest gas exporters in the world, with exports of 53 billion m3 in 2023 out of a total production of 103 billion m3.