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Algeria: Dialogue about a Strategic Energy Relationship

Source: Algeria Times 3/8/2016, Location: Africa

On 23-24 May 2016, Algeria and the European Union are organising the 1st Business Forum dedicated to energy. The themes to be discussed are the development of renewable energies, the promotion of energy efficiency and the supply of natural gas, the European Delegation in Algeria said in a statement.

This event is part of the implementation of the “Memorandum of Understanding on the Establishment of a Strategic Partnership in the Field of Energy”, signed by Algeria and the European Union on 7 July 2013 in Algiers, during a visit by the President of the European Commission.

This agreement “makes provisions for the development and the reinforcement of cooperation in the field of hydrocarbons, in particular natural gas, as well as renewable energies and fuel efficiency. It focuses on the industrial component and the necessity to guarantee maximum local integration to ensure continuity”, the statement said.

Cooperation in this field “takes on a strategic character”, according to José Manuel Barroso, President of the European Commission at the time. According to Eurostat, the European Statistical office, “the dependence of the European Union (EU) on energy imports, in particular oil, and more recently, gas, is at the centre of political concerns about the safety of energy supply”.

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