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In the global natural gas market A fragile balance “, supply growth is limited, demand is growing steadily, Algeria In fact, it still ranks among the top ten countries in exporting this vital energy source to the world economy.
In his Latest Report In response to the global natural gas market situation, the International Gas Union (IGU) announced the rankings of the top eight natural gas exporting countries in 2023.
The report pointed out that the five largest net natural gas exporters in 2023 are Russia, Qatar, the United States, Norway and Australia. The bottom of the list are Canada, Algeria and Turkmenistan.
Algeria ranked seventh among natural gas exporters in 2023
Thus, Algeria ranks seventh in the world in terms of gas exports in 2023. The document shows that Algeria’s total exports in the same period amounted to 52 billion cubic meters, while production reached a record high of 105 billion cubic meters.
Specifically, the report is titled “ Global Natural Gas Report 2024 » It was revealed that Algeria exported a total of 18 billion cubic meters of liquefied natural gas (LNG) last year, 34 billion cubic meters of which were exported through gas pipelines.
Algeria is connected to southern Europe via two natural gas pipelines. The first, Medgaz, serves Spain, and the second, Transmed, serves Italy.
Returning to the rankings, the IGU said Russia topped the ranking of the world’s largest gas exporters, with total gas exports of 139 billion cubic meters last year.
Qatar is next Annual export volume Among them, the United States has 128 billion cubic meters, the United States has 127 billion cubic meters, Norway has 120 billion cubic meters, and Australia has 110 billion cubic meters.
Canada ranks sixth in this world ranking, with 53 billion cubic meters of natural gas reserves, followed by Algeria with 52 billion cubic meters of natural gas reserves. Turkmenistan ranks eighth, with a total export volume of 41 billion cubic meters in the same year.
Natural gas importing countries ranking in 2023
On the other hand, the IGU report also released the ranking of the largest natural gas importers in 2023. China ranked first with a total import volume of 160 billion cubic meters in the past year, followed by Japan (91 billion cubic meters) and Germany (77 billion cubic meters).
The largest natural gas importers were Mexico (64 billion cubic meters), South Korea (61 billion cubic meters), Italy (59 billion cubic meters), Turkey (49 billion cubic meters) and France, which ranked eighth with 41 billion cubic meters of imported natural gas.
On the demand side, the report points out that Asia’s import demand will increase in 2023, and this trend is expected to continue until 2024. The reason is related to the ” As China becomes more dependent on natural gas imports ».
In contrast, it was revealed that demand for natural gas in Europe fell due to lower seasonal demand and reduced demand in the power and industrial sectors.
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