Oil, gas, petrochemicals, Sonatrach, and energy sector developments
The Ministry of Energy and Renewable Energies announced the recording of a new record peak in electricity demand today, Wednesday, August 19, 2026. The ministry's statement noted, "Due to the ongoing heatwave experienced in the summer of 2026, accompanied by increasing humidity levels across many provinces of the country, SONELGAZ continues to record record rates in electricity demand, as its subsidiary announced..."
The Minister of Energy and Renewable Energies, Dr. Mourad Ajal, chaired today, Wednesday, August 19, 2026, at the ministry's headquarters, a meeting of the sectoral coordination committee, dedicated to following up on early preparations for the summer of 2027. The meeting was attended by several central sector officials and key officials from the SONELGAZ group, where presentations were made and various measures and programs aimed at ensuring the readiness of the energy system during peak periods were discussed, particularly by enhancing production, transport, and distribution capacities. Read the full content on Echourouk Online.
The demand for electrical energy across the country recorded a new record peak of 21,828 megawatts today, Wednesday, amid the ongoing heatwave affecting the country during the summer of 2026, accompanied by rising humidity levels across several provinces, according to a statement from the Ministry of Energy and Renewable Energies. The ministry reported that this peak was recorded by SONELGAZ through its branch SONELGAZ-Electricity Transmission and system operator at 14:30, marking the fifth record peak in electricity demand recorded during the summer of 2026.
A recorded increase of 1200 megawatts compared to the record peak registered last year.
Driven by the continuous rise in global crude oil prices and the increase in production volumes, Algeria's foreign currency revenues from hydrocarbons are expected to be massive for 2026. Despite a high-tension international geopolitical context disrupting global supply, this favorable situation offers a real financial breath of fresh air to the country. A strategic opportunity that should allow the Algerian economy to offset the rise in its imports and to finance its heavy investments in infrastructure and the mining sector with ease.
The international expansion of the Algerian giant SONATRACH is bearing fruit on the currency front. Beyond the historical volumes generated by gas and crude trading, it is the strategic industrial investments anchored in Italy, Spain, and Peru that are currently boosting the group's foreign profits. A review of a deployment beyond borders that is now establishing itself as one of the major pillars of its overall growth.
Last Monday, electricity demand in Algeria reached 21,650 megawatts, an unprecedented level, due to a heatwave and intensive use of air conditioning.
Algeria - Electricity consumption recorded today, Tuesday, a fourth record peak this year, at 21.727 megawatts, in the context of the exceptional heat wave accompanied by high humidity levels in coastal areas experienced by many provinces, according to what was revealed by the Ministry of Energy and Renewable Energies.
The Ministry of Energy and Renewable Energies announced the recording of the fourth record peak in electricity consumption since the beginning of the year, today Tuesday.
Electricity consumption recorded today, Tuesday, the fourth record peak this year, at 21.727 megawatts, in the context of the exceptional heat wave accompanied by high humidity levels in coastal areas experienced by many provinces, according to what was revealed by the Ministry of Energy and Renewable Energies.
Oil prices recorded a slight increase today, Tuesday, supported by rising geopolitical tensions in the Gulf and Middle East region.
A new memorandum of understanding has just been signed between the two partner companies, Sonatrach announced in a statement. The strengthening of this Sonatrach-Eni alliance aims to accelerate Algeria's adaptation to new European environmental standards, particularly the restrictive regulation on methane adopted by the EU, by relying on the best international practices in the oil sector […]