National Energy and Mines Observatory Reports 15% Decline in Primary Energy Resources
The National Observatory of Energy and Mines, under the Ministry of Industry, Mines, and Energy, reports a 15% decrease in primary energy resources over the first eight months of 2024 compared to the same period in 2023, mainly due to the decline in national crude oil and natural gas production.
Renewable Energy Represents 2% of Primary Resources
The share of renewable electricity (including STEG production, private sector, and self-production) accounts for 2% of primary resources.
Transit Fee for Algerian Gas Decreases by 4%
The transit fee for Algerian gas has decreased by 4% as of the end of August 2024 compared to the end of August 2023.
Primary Energy Demand Remains Stable
The demand for primary energy has remained almost stable between the end of August 2023 and the end of August 2024: natural gas demand has decreased by 2%, while demand for petroleum products has increased by 2%.
Note on Gas Demand
It is worth noting that the 2% decrease in natural gas demand is due to the limitation of Algerian gas purchases. To cover national electricity demand, STEG has turned to importing electricity.
Primary Energy Balance Presents a Deficit
The primary energy balance, including the transit fee, presents a deficit of 3.6 Mtep as of the end of August 2024, an increase of 14% compared to the same period in 2023.
Energy Independence Rate Decreases
The energy independence rate, measured by the ratio of primary energy resources to primary consumption, stands at 42% as of the end of August 2024, compared to 49% as of the end of August 2023.
Energy Independence Rate Without Transit Fee
Without taking into account the transit fee, the energy independence rate would be limited to 31% as of the end of August 2024, compared to 38% during the same period in 2023.
