Heba Press
The list of largest liquefied gas exporting countries in Africa during the third quarter of 2024 revealed an increase in exports from most African countries, except Algeria and Equatorial Guinea, according to the report on liquefied gas. evolution of the Arab and global liquefied gas markets published. by the Energy Research Unit in Washington.
This drop was recorded in conjunction with a drop in Algeria’s exports, in addition to Egypt’s exit from the list after stopping its exports since May 2024 to meet local demand, with Egypt’s exports limited in the first four months of the year, with a total of 0.54 million tonnes.
After topping the list in the third quarter of last year, it remained behind Nigeria this year, recording declines for two consecutive quarters, despite a significant recovery in 2023.
However, Algeria does not fully benefit from the large oil and gas revenues, due to budgetary grabs by senior officials of the Algerian regime and the smuggling of money abroad, notably to Switzerland and France. , which deprives the Algerian people of benefiting from the country’s wealth.
Poverty and want persist in a country rich in natural resources, which generals exploit to finance armed militias and destabilize neighboring countries.
In light of the current political crisis, the Algerian regime is facing a sharp decline in its oil resources, sparking internal debate about the future of the oil industry and the importance of cooperation with foreign companies.
Algeria relies heavily on two giant oil fields discovered in 1956 by French companies, one being an oil field at Hassi Messaoud and the other a gas field at Hassi R’Mel.
