Algeria Unveils $60 Billion Energy Transformation Plan for 2025
The strategy, spanning 2025-2029, positions Algeria to expand both traditional hydrocarbon output and new-energy infrastructure amid a changing global energy landscape.
Algeria is progressing with its strategy to diversify its energy sector, with a focus on a balanced mix of renewable energy, green hydrogen and traditional oil and gas development.
The initiative, which focuses on the development of renewable energy, green hydrogen, and energy efficiency, marks a new era in Algeria's strategic vision to become a regional energy powerhouse and a key player in the global energy transition.
REUTERS/Ramzi Boudina Purchase Licensing Rights TUNIS, Oct 6 (Reuters) - Algeria will invest $60 billion in energy projects between 2025 and 2029 as part of a large-scale strategy to boost oil, gas and hydrogen development, Energy and Mines Minister Mohamed Arkab said on Monday.
One of the most ambitious elements of Algeria's energy transition strategy is the development of the SoutH2 Corridor, aimed at supplying Europe with green hydrogen.
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