Thursday, January 17, 2013

Algerian LNG Important to Europe

European energy experts are keeping a watchful eye on the unfolding crisis in Algeria, where a loss of LNG supplies could increase the Continent's reliance on Russian gas.

Algeria is the EU’s third most important gas supplier behind Russia and Norway.

The In Amenas facility in eastern Algeria that was taken over by Islamist terrorists is operated by the UK’s BP. It owns close to 50% of the plant with Norway’s Statoil and Algeria’s Sonatrach. The plant's output accounts for 12% of Algerian gas production and 18% of the country’s gas exports.