مجلة إدارة الأعمال والدراسات الاقتصادية
Volume 10, Numéro 2, Pages 459-474
2024-12-15
The European Union's Shift Towards Algerian Gas As A Solution To The 2022 Energy Crisis
Authors : Bouarfa Oussama . Boudali Belkacem .
Abstract
In the second half of 2022, the global energy landscape underwent profound changes triggered by the geopolitical crisis between Russia and Ukraine. In response to the conflict, the European Union enacted sanctions against Russia, which, in turn, leveraged its substantial natural gas supplies as a strategic asset against Europe. This situation compelled EU member states to pivot towards alternative energy sources, notably embracing Algerian gas as a cornerstone of their energy strategy amidst the crisis. Consequently, there was a marked surge in demand for Algerian gas. The findings of this study suggest that Algeria is well-positioned to satisfy the growing long-term energy needs of Europe, representing a mutually beneficial scenario. This alignment enhances the diversification of Europe's energy portfolio while concurrently mitigating the risks associated with energy supply interruptions.
Keywords
Energy Security ; European Union ; Liquefied Natural Gas ; Russo-Ukrainian Crisis ; Natural Gas Exports
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