Article: North Africa challenges Russia.(BUSINESS & FINANCE)

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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