Europe shifts to North African gas
Reports indicate that Europe is moving toward increasing its reliance on gas from North Africa, particularly Algeria and Libya, in an effort to compensate for the reduction in Russian gas supplies following the start of a ban on long-term gas contracts with Moscow in January 2027. The signing of an expanded gas agreement between Algeria and Germany reflects this strategy, but the ability to boost supplies depends on significant investments and the political and security risks in the region. It is expected that the increases will remain limited before 2030, while Europe will continue to depend more heavily on liquefied natural gas from the United States and Qatar, which comes at higher prices.
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