Geostrategy: The Battle of reserves
courted by Europe, Algeria will have to confirm its potential to emerge as regional power
Thirty discoveries hydrocarbons, since 2006, seem clear prospects of development of hydrocarbon resources for future generations and for the needs of the country's exports.
Since the crisis between Russia and Ukraine, which has renewed concerns about its European gas supplies, all eyes turned to Algeria, a leading supplier of the European Union, and one of the main sources that can meet demand European growth in 2020. Indeed, the latter is the third largest exporter of gas. She is ranked seventh in terms of reserves. Algeria has, moreover, different strengths, the proximity of its deposits and its transportation infrastructure facing the old continent, the quality of its gas, two major new export routes to Europe, the Medgaz and Galsi, an increase during the Enrico Mattei gas pipeline linking Algeria to Italy via Tunisia and a production capacity of liquefied natural gas being extended. His ability to export additional gas by 2012 could approach $ 40 billion m3 per year. Would increase its export capacity over the next decade to 100 billion m3 per year. This rate of export
puts pressure on reserves. Estimated between 4000 and 5000 billion cubic meters of gas accumulations in Algeria have a shelf life estimated by BP to 40 years. But economic growth, high demand for electricity, the development of petrochemicals will significantly increase local demand.
This induces a new arbitration concerning the allocation of reserves. What level of production to allow both to support over a period as long as possible in domestic demand that will crescendo and the pace of exports will experience a significant increase in the medium term? This problem does not arise only in Algeria. Because of the importance of increasing the gas is greater than the global energy balance, in short, more accentuated in the coming decades access to new reserves of gas requires a great interest for both companies state that for multinationals.
Who holds large gas reserves, production capacity and transportation will gain significantly greater market share, especially in Europe and the United States where the demand will explode in coming years. This is the issue that justifies the battle for access to new reserves.
In this struggle which will determine its position as a global power gas, Algeria expects a significant potential.
A potential reserves estimated at 2 000 billion cubic meters
Indeed, it is estimated that at least 2000 billion m3 of reserves to be discovered at least in the basins of Berkine Reggane, Timimoun Ahnet and Illizi. All this requires an effort to invest partly in partnership. Companies associated with Sonatrach as Repsol, Total, Statoil, Rosneft, Gaz de France are all satisfied to have made discoveries in the south. They await the green light for Sonatrach to develop these fields. Today it prioritize the assessment findings, that is to say, the delineation of work to develop new reserves faster. Algeria could demand in return for its agreement to these partners an exchange of assets, that is to say even with oil reserves abroad. Anticipating this new turn in the country's energy policy, Sonatrach has initiated discussions with the Norwegian Statoil for a stake in Kristyn deposits in the North Sea.
The urgency, the assessment findings
Another example illustrating this battle of big international companies have demanded access to larger reserves to engage in the development of gas fields Tinhert South-East, a project integrating the achievement of a GTL plant gas to liquid. Sonatrach has refused.
Internationally, moreover, it continues to actively explored for access to new reserves mainly in Mali, Niger, Mauritania, Tunisia, Egypt and Libya.
Ultimately, the importance of Algeria lies in its potential power and gas hydrocarbons. It will impose itself as a regional power with the development and growth of its hydrocarbon resources, including an intensive program of investments. Confirmation of its potential and the extension its export capacity assoiront its leadership role on the international gas market. Remains whether it will make good use of the windfall oil. in short, to play this leverage to ensure its sustainable development and position itself among the large emerging countries. FREEDOM
Since the crisis between Russia and Ukraine, which has renewed concerns about its European gas supplies, all eyes turned to Algeria, a leading supplier of the European Union, and one of the main sources that can meet demand European growth in 2020. Indeed, the latter is the third largest exporter of gas. She is ranked seventh in terms of reserves. Algeria has, moreover, different strengths, the proximity of its deposits and its transportation infrastructure facing the old continent, the quality of its gas, two major new export routes to Europe, the Medgaz and Galsi, an increase during the Enrico Mattei gas pipeline linking Algeria to Italy via Tunisia and a production capacity of liquefied natural gas being extended. His ability to export additional gas by 2012 could approach $ 40 billion m3 per year. Would increase its export capacity over the next decade to 100 billion m3 per year. This rate of export
puts pressure on reserves. Estimated between 4000 and 5000 billion cubic meters of gas accumulations in Algeria have a shelf life estimated by BP to 40 years. But economic growth, high demand for electricity, the development of petrochemicals will significantly increase local demand.
This induces a new arbitration concerning the allocation of reserves. What level of production to allow both to support over a period as long as possible in domestic demand that will crescendo and the pace of exports will experience a significant increase in the medium term? This problem does not arise only in Algeria. Because of the importance of increasing the gas is greater than the global energy balance, in short, more accentuated in the coming decades access to new reserves of gas requires a great interest for both companies state that for multinationals.
Who holds large gas reserves, production capacity and transportation will gain significantly greater market share, especially in Europe and the United States where the demand will explode in coming years. This is the issue that justifies the battle for access to new reserves.
In this struggle which will determine its position as a global power gas, Algeria expects a significant potential.
A potential reserves estimated at 2 000 billion cubic meters
Indeed, it is estimated that at least 2000 billion m3 of reserves to be discovered at least in the basins of Berkine Reggane, Timimoun Ahnet and Illizi. All this requires an effort to invest partly in partnership. Companies associated with Sonatrach as Repsol, Total, Statoil, Rosneft, Gaz de France are all satisfied to have made discoveries in the south. They await the green light for Sonatrach to develop these fields. Today it prioritize the assessment findings, that is to say, the delineation of work to develop new reserves faster. Algeria could demand in return for its agreement to these partners an exchange of assets, that is to say even with oil reserves abroad. Anticipating this new turn in the country's energy policy, Sonatrach has initiated discussions with the Norwegian Statoil for a stake in Kristyn deposits in the North Sea.
The urgency, the assessment findings
Another example illustrating this battle of big international companies have demanded access to larger reserves to engage in the development of gas fields Tinhert South-East, a project integrating the achievement of a GTL plant gas to liquid. Sonatrach has refused.
Internationally, moreover, it continues to actively explored for access to new reserves mainly in Mali, Niger, Mauritania, Tunisia, Egypt and Libya.
Ultimately, the importance of Algeria lies in its potential power and gas hydrocarbons. It will impose itself as a regional power with the development and growth of its hydrocarbon resources, including an intensive program of investments. Confirmation of its potential and the extension its export capacity assoiront its leadership role on the international gas market. Remains whether it will make good use of the windfall oil. in short, to play this leverage to ensure its sustainable development and position itself among the large emerging countries. FREEDOM
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