The company wants to gain a foothold in Europe – La Nouvelle Tribune

European conflict drives Europe’s quest for new energy Ukraineprofoundly reshaping the energy landscape of the African continent. RussiaEurope, once a major supplier, has turned to alternatives to ensure its energy security. This situation has opened up new opportunities for countries. Maghrebespecially AlgeriaAims to strengthen its role as Europe’s strategic energy partner.

Ambitious energy giant

Algerian National Oil CompanyThe Algerian hydrocarbon giant does not hide its ambitions to conquer the European energy market. Rashid BakiThe group’s CEO recently unveiled bold projects aimed at making Algeria a key player in the Old Continent’s energy supply. In addition to its status as a prominent gas supplier to Italy, Spain and FranceThe national oil company is now considering exporting electricity via undersea cables, a move that could redraw the Mediterranean energy map.

The attractiveness of the Algerian market has not escaped the attention of major international energy groups. It does not exist This highlights the growing interest of investors in the country’s economic stability. This positive dynamic can be achieved through strategic partnerships, strengthening Algeria’s position as a regional energy hub.

An ambitious project to connect the two sides of the Mediterranean

Algeria is not content with her current role. She plans to become European Batteries » Focus on innovative infrastructure. Flagship projects include the construction of an underwater cable to export electricity to Spain. This is not an isolated initiative: Eni Italy connects Algeria to the Italian peninsula.

These submarine cable projects are not limited to a single transmission line. Hachichi revealed that several lines are being considered, thereby increasing export capacity. Algeria has a number of assets to achieve these goals: Rich natural resources, favorable climatic conditions and a talent pool in the field of renewable energy.

Towards a diversified energy future

Algeria is not limited to conventional electricity exports. The country is also positioning itself in the emerging green hydrogen market. A memorandum of understanding will be signed in September with German, Italian and Austrian partners to study the feasibility of the project. South H2 corridoraims to export green hydrogen to Europe.

Algeria’s electricity production capacity far exceeds its internal demand. With a surplus of 10 GW in 10 months out of a total production of 25 GW for the year, the country’s exports are highly profitable. This overcapacity presents a major opportunity to diversify the country’s revenues from its traditional reliance on hydrocarbons.

The data has proven this trend: Electricity accounts for 5.6% of Algeria’s exports (excluding hydrocarbons) in 2023, with sales to Tunisia increasing significantlyDiversification of energy exports can play a vital role in Algeria’s economic transformation while strengthening its geopolitical influence in the Mediterranean region.

The ambition of the National Oil Company to establish itself as a major European energy company reflects Algeria’s long-term vision for its energy sector. By focusing on diversification and innovation, the country seeks to position itself as a reliable and important partner in Europe’s quest for energy security.

This strategy could not only transform the regional energy landscape, but also redefine the economic and diplomatic relations between North Africa and Europe.