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Algeria Leads African Oil

Algeria Leads African Oil

The *Africa Energy Status 2027* report predicts that Algeria will lead the continent’s hydrocarbon producers over the next five years, with output reaching 3 million barrels of oil equivalent per day, compared with Nigeria’s 2.5 million. Algeria aims to raise gas production to 200 billion cubic metres a year within five years, with 100 billion earmarked for export, while boosting supplies through the South Tabankort and In Amenas 2 projects. In October, its LNG exports rose by more than 50% from September, to 1.03 million tonnes, most of which was destined for European markets.

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