
Elizi South Project: A Focus of Algerian-Saudi Meeting
It will soon enter into operation.
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

It will soon enter into operation.

The Minister of State, Minister of Energy, Mohamed Arqab, highlighted this Sunday in Algiers, Algeria's commitment to continue supporting efforts aimed at enhancing dialogue and cooperation among member countries of the Gas Exporting Countries Forum, while working on developing projects that contribute to strengthening energy security and promoting the role of natural gas in the global energy mix, during his meeting with the forum's Secretary General, Philippe Michelpied, according to a statement from the ministry.

The Minister of State, Minister of Energy, Mohamed Arqab, received this Sunday in Algiers the CEO of Midad Energy - Saudi North Africa, Sheikh Abdulilah bin Mohammed bin Abdullah Al-Ibayan, where cooperation between SONATRACH and the Saudi company was discussed, especially after both parties signed the contract for the contractual area 'Ilizi South' in the Ilizi basin, according to a statement from the ministry.

The Secretary General of the Gas Exporting Countries Forum (GECF), Mr. Philip Mshelbila, will undertake a working visit to Algeria.

According to an announcement made by the local energy department to APS, a 150 MW solar power plant will be commissioned.

The Secretary General of the Gas Exporting Countries Forum, Philippe Michelpied, accompanied by a delegation from the forum, is on a working visit to Algeria from June 20 to 23. According to the Ministry of Energy, the visit is aimed at enhancing consultation and coordination between Algeria and the Gas Exporting Countries Forum regarding developments in global natural gas markets, prospects for the gas industry, challenges related to supply security, investment in the sector, energy transition, as well as supporting scientific and technical cooperation among member countries.

EU gas imports via pipelines continued for the fifth consecutive month, totaling 61.4 billion cubic meters, an increase of 2.5% compared to the same period last year, primarily supported by increased Algerian supplies to European markets.

A delegation from Naftal, currently on a business mission in the Republic of Niger, continued its meetings with the relevant authorities and institutions in the energy and investment sectors, discussing with officials from the Nigerien Petroleum Company 'SONIDEP' the project to establish a unit for bitumen production, as well as exploring opportunities for cooperation and partnership and expanding the company's regional presence. According to a statement from the company, the delegation began the second day of its visit yesterday, Friday, with a working session with SONIDEP officials, dedicated to presenting and discussing the business plan for the bitumen production unit project. Read the full content on Echourouk Online.

Oil prices rose at the close of trading, while Brent crude is heading towards weekly losses of about 8 percent, affected by developments in the Middle East.

Hydrogen demand in Africa surged by over 72% between 2012 and 2024, reaching 3.1 million tons, compared to 1.8 million tons 12 years ago, with Algeria ranking second in Africa with a share of 20% of total demand, behind Egypt which captured 49%. A recent report, reviewed by the Energy Research Unit, indicated that Algeria increased its hydrogen consumption by about four times during the same period, reaching 0.7 million tons in 2024, making it one of the largest hydrogen markets in Africa alongside Egypt and Nigeria. View the full content on Echourouk Online.

Algeria maintained stable fuel prices during June 2026, remaining among the ten African countries with the lowest gasoline costs, while the global average fuel price decreased to $1.51 per liter, compared to $1.52 per liter the previous month. Data from the 'Global Petrol Prices' platform showed that Algeria was one of only three African countries that maintained stable fuel prices during June, alongside Libya and Sudan, while Tunisia, Niger, Nigeria, Gabon, and Ethiopia recorded slight decreases, with Egypt being the only country on the list that experienced a limited price increase. View the full content on Echourouk Online.

European Union gas imports via pipelines rose to 61.4 billion cubic meters during the first five months of 2026, an increase of 2.5% compared to the same period last year, continuing to grow for the fifth consecutive month on a year-on-year basis, primarily supported by increased Algerian supplies to European markets according to the Energy Research Platform. A report from the Gas Exporting Countries Forum showed that EU imports reached 12.4 billion cubic meters in May 2026, compared to 12.1 billion cubic meters in the same month of 2025, recording a growth of 2%. In contrast, the average daily imports fell to 400 million cubic meters per day in May, a decrease of 2% compared to ...