Jan 7, 2023
Algeria’s state-owned company has found a large amount of natural gas in the Sahara Desert worth 12 trillion cubic feet. And this is the biggest discovery in Algeria in the last 20 years.
In 2021, Algeria was the third largest supplier of natural gas to Europe. The country produced over 100 billion cubic meters of natural gas that year, which is about 24% more than the previous year.
Algeria’s natural gas production increased by about 20.6 billion cubic meters between 1998 and 2021. In addition, it reached its highest level in 2021. And now, experts think this is an incredibly massive gas discovery and extracting it could send shockwaves all around the world!
Reports say that the gas field discovered by Sonatrach in the Sahara Desert contains up to 12 trillion cubic feet of natural gas.
Experts say this is a significant discovery as it is enough to meet the energy needs of a country like Algeria for over a decade.
The field was discovered through an exploratory well drilled by Sonatrach in partnership with foreign companies.
The discovery of this gas field is a major milestone for Algeria, which has struggled with energy shortages in recent years.
The country has relied heavily on imported energy, which has strained its economy. However, Algeria now has the potential to become a major player in the global energy market.
And this new discovery means the country now has a significant domestic energy resources.
This discovery is also good news for the environment, as natural gas is a cleaner burning fuel compared to other fossil fuels like coal and oil.
The increased use of natural gas in Algeria could help reduce the country’s carbon emissions. And this would be a positive step in the fight against climate change.
Now, the discovery of a new gas field could improve Algeria’s economy in several ways.
The sale of gas from this field could bring in a lot of money for the country. And this money could be used to invest in roads, hospitals, and schools.
The gas field could also create jobs for people in Algeria, which would help the country’s economy grow in the long run.
However, it’s important to note that this discovery is still in its early stages. In fact, it will take some time before the gas can be extracted and put to use.
There are also potential challenges also need to be addressed, such as transporting the gas from the remote location in the Sahara Desert to population centers.
Additionally, there are environmental concerns related to the extraction of the gas that could negatively impact the local ecosystem.
And so, it will be necessary for Sonatrach and the Algerian government to address these issues responsibly and sustainably.
One potential market for this gas could be Europe. The continent has been looking to diversify its energy sources and reduce its reliance on Russia for natural gas.
And now, the possible export of natural gas from Algeria to Europe could be a significant opportunity for both sides.
Europe has sought to diversify its energy sources and decrease its dependence on Russia for natural gas. And Algeria’s proximity to Europe and its availability of LNG export facilities make it a viable option for meeting Europe’s natural gas needs.
This could provide Algeria with a profitable export market and the potential for increased investment and economic growth.
Importing natural gas from Algeria would provide a reliable energy source and potentially lower consumer energy costs for Europe.
In addition, exporting natural gas from Algeria to Europe could also have strategic advantages.
It could strengthen the political and diplomatic relationship between the two sides and enhance energy security for both Algeria and Europe.
And the increased cooperation in the energy sector could potentially lead to further collaboration in other areas, such as technology, education, and research.
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2022 Dinar Chronicles