29 March 2024
North African gas: Common challenges, diverging fates
Publication date: 25 August 2015
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
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Algeria, Libya and Egypt, the gas supply triumvirate collectively known as the 'Third Corridor', have combined proven reserves of 75 Tcf – less than Russia’s 1,100 Tcf or Qatar’s 885 Tcf – but which should be enough for the countries to remain key strategic suppliers to Europe. But as discussed in the first article in this series, the importance of North Africa in Europe’s supply mix has diminished rather than increased. In part two we examine the common challenges facing the Third Corridor suppliers, their domestic market and upstream realities, and the future prospects for European demand.