Algeria suffered heavy losses after the closure of the Maghreb-Europe gas pipeline

Algeria suffered heavy losses after the closure of the Maghreb-Europe gas pipeline

Russia’s federal news agency FAN reported on Monday that the closure of Algeria’s Maghreb-Europe (GME) gas pipeline had caused significant financial losses.

The same evidence makes it clear that Algeria is facing technical difficulties associated with its plans to expand the capacity of the Metcas gas pipeline, which is causing increased transportation costs due to increased demand and worsening energy crisis in Spain and across Europe.

The Russian agency accuses Spain of disregarding its promise to supply enough gas to Algeria, which is currently forced to double the number of LNG tankers, despite its obligation to ensure equal exports. The Maghreb-Europe gas pipeline (GME) would have done without if it had been in operation.

Since the closure of GME, Spanish authorities have announced a series of disruptions in the supply chain with alternative solutions offered by Algiers.

Spain is now turning to other suppliers, particularly the United States, not to link its economy to an unreliable source of energy, especially in the wake of rising prices and supply problems associated with the Russo-Ukrainian conflict.

Subscribe to read all the content of your daily Les Inspirations Eco

See also  Macron to the French: "We have become 66 million accused - do not exaggerate it with criticism" | The world

You May Also Like

About the Author: Will Smith

"Social mediaholic. Tv fanatic. Gamer. Professional explorer. Amateur music junkie."

Leave a Reply

Your email address will not be published.