LNG Market Outlook: LNG exports from Algeria to rise in 2021, decline in 2022

April  2021 LNG Market Outlook Gas production in Algeria rebounded in 2020 by roughly 1.5 bcm, but LNG exports declined due to an increase of 16% y-o-y in domestic demand. The rise in domestic demand kept LNG utilization rates at 43% of total capacity. In 1Q 2021, Algerian LNG exports were roughly 700,000 tons higher than 1Q 2020 figures. With this trend in mind, and Algeria’s need to boost economic growth through hydrocarbon export revenues, LNG exports are forecast to rise by 4-5% in 2021 to 11.3 MMt/y. Sonatrach has also indicated that it will raise natural gas exports by 25% in 2021. For 2022, LNG exports are forecast to fall to 9.1 MMt/y due to rising domestic demand, pipeline exports and slow production growth. To read the full article, click here.