Immediately after the end of Macron’s visit, Algeria agrees to pump additional subsidies from its gas to Paris – Hoy 24

French government spokesman Olivier Veran announced on Sunday, a day after President Emmanuel Macron’s visit to Algeria, that “announcements will be issued soon” about a possible increase in Algerian gas shipments to France.

And Europe 1 radio reported that negotiations are currently underway between the French energy group “Enge”, whose head was Catherine McGregor among members of the official delegation accompanying Macron, and Algerian officials to raise the increase to 50 percent of current amounts.

“I cannot confirm this,” Veran said on BFMTV, on the pretext that he “does not comment (information) related to the French and Algerian Foreign Ministry.” But he added that “announcements will be issued soon”, noting that there was an “approach within the framework of the visit” of Emmanuel Macron, which began on Thursday night and lasted until Saturday afternoon.

During his visit, the French president stressed that “France depends a little on gas for its energy needs, about 20 percent, and in total Algeria represents 8 to 9 percent.”

“We are not in a situation where Algerian gas can change the data,” he added, noting that France “guaranteed its needs” for the winter and stocks are within 90 percent.

Algeria recently concluded agreements with Italy to increase gas shipments by the end of the year through the Transmed pipeline. Algeria became the main supplier of Italy, ahead of Russia, after the invasion of Ukraine.

Since the beginning of 2022, Algeria has supplied Italy with 13.9 billion cubic meters, exceeding the previously agreed amounts by 113%.

Algeria is Africa’s leading gas exporter and supplies Europe with around 11% of its needs.