Summary:

On 13 May 2025, Algeria’s state-owned energy company Sonatrach, signed an agreement with Slovenian natural gas supplier Geoplin to extend their gas supply contract for two years.  

The agreement was signed on the sideline of the Algerian Slovenian Business Forum held in Ljubljana where President Abdelmajid Tebboune, called on Algerian and Slovenian businessmen to strengthen economic ties. 

Also in Europe, the Algerian Minister of Energy highlighted Algeria’s contributions to the European renewable energy market through the SoutH2 Corridor and the Medlink projects during the Global Energy Transition conference held in Italy. 

In parallel, Sonatrach submitted an offer to the Egyptian Natural Gas Holding Company (EGAS) to supply liquefied natural gas. 

Meanwhile, a delegation of Algerian businessmen, headed by Kamel Moula, Chairman of the Algerian Economic Renewal Council, participated in the US Investments Summit. 

Algeria also participated in the Arab Economic and Social Development Summit where the President urged enhanced trade relations through the full activation of the Arab Free Trade Area, the development of inter-Arab transport networks, and the establishment of banking, financial, and insurance mechanisms. 

Outlook: 

Recent participation in international investment events indicates Algeria’s efforts to promote its energy exports but also to diversify its economy through partnerships. Algeria’s presence at these events is likely to enlarge its portfolio of importers as well as potential investors. 

The diversification of partners has been a feature of Algerian policy in recent months as Algiers intends to increase diplomatic and economic leverage while decreasing dependency. The drop in French imports is a sign of the impact of political tensions that have rapidly expanded Algerian interest in moving toward diversification and independence.  

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