Algeria to focus on gas production

Nov 11, 2009 01:00 AM

Algerian energy minister Chakib Khelil has revealed that Algeria will focus on increasing gas exportation to 85 bn cm by 2014. Khelil said that his country has been primarily focused on oil production, but now it is time to move the focus to gas, with Algeria aiming to increase production by 1.8 bn cm per year to reach 85 bn cm.
"Focusing on gas production will not undermine the oil production," assured Khelil.

Speaking about the next meeting of gas producers countries, Dr Khalil revealed that the forum aims to defend the interest of gas producers.
"The Gas Exporting Countries Forum should function like OPEC in its capacity as an organisation which would defend the economic interests (of its members)," Khelil was quoted as saying. He added that gas prices today were low and called on "the member countries to reach agreement on a strategy for obtaining a fair price for gas", it was reported.

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