• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 3 hours Its going to be an oil bloodbath
  • 47 mins Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 2 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 1 hour Marine based energy generation
  • 3 hours Cpt Lauren Dowsett
  • 2 hours The Most Annoying Person You Have Encountered During Lockdown
  • 4 hours Which producers will shut in first?
  • 22 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 13 hours CDC covid19 coverup?
  • 3 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 4 hours Washington doctor removed from his post, over covid
  • 13 hours How to Create a Pandemic
  • 13 hours Iran-Turkey gas pipeline goes kaboom. Bad people blamed.

Breaking News:

IEA: OPEC Can’t Save The Oil Market

Britain Looks to Algeria for Alternative Supply of LNG

Britain Looks to Algeria for Alternative Supply of LNG

Almost all of Britain’s natural gas imports come from Qatar, but Qatar are now only sending left-over short-term deliveries, preferring to concentrate on high paying Asian customers, Japan and South Korea pay almost double the UK. Fears have grown that the UK may face a supply shortage in the future and are therefore looking to find an alternative supplier.

Algeria may be the key.

Following the attack on the In Amenas gas plant Algiers is looking to boost its oil and gas sector by attracting foreign investment.

Last month the government created new laws that offered easier tax terms and other incentives to attract foreign energy firms.

Related article: Shell's $6 Billion Deal with Repsol Crowns LNG King

Youcef Yousfi, Algeria’s Energy Minister, will take a trip to London this March when he is expected to talk with Prime Minister David Cameron about the possibility of supplying LNG to the UK.

Russia’s Gazprom, the world’s largest gas producer, spoke to Algeria’s state owned Sonatrach earlier in the month about a desire to create a long-term relationship. Gazprom supplies the majority of natural gas to Europe, but it is looking to expand in order to supply LNG to the growing market in Asia.

Analysts have warned that the unconventional reserves in Algeria are still decades away from being developed, and the current conventional resources are unlikely to attract the levels of investment needed to develop other reserves in the south of the country which is highly unstable and dangerous.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage




Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News