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Article: North Africa challenges Russia.(BUSINESS & FINANCE)
- Article from:
- The Middle East
- Article date:
- December 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It is well known that north African gas producers are targeting growing demand across the Mediterranean in the European Union (EU). Algeria's success in developing a comprehensive network of gas pipelines to Spain and Italy to complement its liquefied natural gas (LNG) sector, has persuaded Italian firm Eni-Agip to construct another pipeline from Libya to the European mainland. Yet research by UK analysts Prospex reveals that the North African region will provide almost 50% of European gas imports within five years, despite having just 4.4% of the world's reserves. How is this being achieved?
Algeria, which currently dominates North African gas supplies to the ...
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