Energy and transition economics
2026-04-26
12 min read
12 sources
Algeria 2026: Europe's pipeline pivot, Sonatrach's USD 50 billion bet, and the Maghreb realignment
After Russia, Algeria is now the second largest pipeline gas supplier to the European Union. Tebboune's second term, the Sonatrach 2027 to 2030 capex cycle, and the Western Sahara realignment with Paris will define whether Algiers can hold that position through 2030.
Algeria has moved from a marginal European supplier to the bloc's second largest pipeline gas source by 2024, displacing roughly half of pre war Russian flows into Italy. Sonatrach reported total gas exports of 91 billion cubic meters in 2024, with 26.4 bcm via TransMed to Italy and 8.0 bcm via Medgaz to Spain. The Gazoduc Maghreb Europe ...