17 Hrs
Source:
AL24 News
Algerian Energy Minister on Security Needs
The article covers statements by Algerian Minister of Petroleum and State Minister Mohamed Arkap regarding the future of the global oil and gas markets. He emphasized the necessity of adequate and timely investments to ensure energy security. He pointed out that global energy demand, especially for oil and gas, will continue to grow until 2050 and 2055, with future growth centered in Asia, Africa, and the Middle East. Arkap highlighted that a lack of investment threatens to deepen supply-demand imbalances, which could lead to sharp market fluctuations. He also stressed the importance of developing infrastructure and projects such as the Trans-Saharan Gas Pipeline to enhance supply security and promote development in Africa. Furthermore, he underscored the need for international cooperation, especially among producing countries and within the OPEC+ organization, to ensure market stability and achieve future balance.
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