Algiers – France imported approximately €5 billion worth of goods from Algeria in 2024, according to Patrick Pouyanné, CEO of TotalEnergies. This figure underscores the continued economic ties between the two nations, particularly in the energy sector.
Pouyanné highlighted that despite recent fluctuations in political relations, the flow of gas and petroleum products from Algeria remained consistent throughout the year. Natural gas alone accounted for €2.4 billion of the total imports.
During an interview, Pouyanné emphasized that contracts with Sonatrach, the Algerian state-owned oil company, remained fully operational, ensuring a stable supply of energy to France. He stated that the political climate had no impact on the energy sector, affirming that Algeria’s gas supply to France experienced no disruption. He also mentioned that the price France pays for Algerian gas is comparable to that of American gas, noting Algeria’s geographical proximity as an advantage.
Unlike Spain and Italy, which are connected to Algeria via pipelines, France relies on liquefied natural gas (LNG) transported by sea. Pouyanné confirmed that TotalEnergies’ relationship with Sonatrach remained stable, with contracts unaffected by political tensions.
Looking ahead, Pouyanné stated that TotalEnergies’ operations in Algeria are proceeding as planned. The company recently secured a new exploration license following a tender launched in October 2024, where five sites in the Sahara were awarded to various international companies.
Pouyanné concluded by advocating for the separation of economic cooperation from political influences. He argued that business relationships should remain independent of political calculations, emphasizing that reduced political interference leads to more stable and beneficial partnerships for all parties involved. DZWatch will continue to monitor this developing story.
