What is Algeria's Energy Transition Plan?

Algeria’s energy transition plan consists of three structural components - a new government ministry, a regulatory reform, and a new national renewable energy company. • Ministry of Energy Transition and Renewable Energies (METRE): In June 2020, the government created METRE, the first of two new bodies to manage and carry out the transition plan.

How is Algeria diversifying its energy sector?

Algeria is progressing with its strategy to diversify its energy sector, with a focus on a balanced mix of renewable energy, green hydrogen and traditional oil and gas development.

Is Algeria a key supplier of gas to the global market?

A renewed focus on unconventional gas reserves – reflected through recent MoUs signed with energy majors ExxonMobil and Chevron – are set to tap into underexplored basins, while positioning Algeria as a critical supplier of gas to the global market.

How is energy used in Algeria?

Total energy supply (TES) includes all the energy produced in or imported to a country, minus that which is exported or stored. It represents all the energy required to supply end users in the country.

How much solar energy does Algeria generate?

Instead, today Algeria generates only 411 megawatts from renewable energy sources. Nonetheless, officials hope that the new strategy described will reinvigorate attempts to bring more than 1 gigawatt of solar energy online by year-end and an additional 13 gigawatts by 2030.

How much is Algeria investing in oil & gas?

In fact, the Algerian government is investing $50 billion in oil and gas projects through 2027, targeting increased production from flagship assets as well as bringing new output online.