Gas Is Stronger Than Politics between Algeria, Spain

The Algerian president receives the Spanish Foreign Minister on September 30, 2021. (Algerian News Agency)
The Algerian president receives the Spanish Foreign Minister on September 30, 2021. (Algerian News Agency)
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Gas Is Stronger Than Politics between Algeria, Spain

The Algerian president receives the Spanish Foreign Minister on September 30, 2021. (Algerian News Agency)
The Algerian president receives the Spanish Foreign Minister on September 30, 2021. (Algerian News Agency)

Algerian gas topped Spain’s gas imports during the first quarter of 2024 despite a trade rift between Algiers and Madrid over the Sahara conflict.

According to a report on gas imports published by El Espanol newspaper, Algerian gas accounted for 42 percent of Spain’s gas imports during the past three months, while imports from Russia reached 25.7 percent, and 18.2 percent from the US, during the same period.

The newspaper relied on data published by Enagas, the leading Spanish company in the field of transporting natural gas from abroad, and the technical supervisor of energy systems in Spain.

The company explained that the rise in the quantities of gas imported from Algeria was the result of the increase in the pumping through the Medgas pipeline, which connects the city of Beni Saf, in western Algeria, to the city of Almeria in southern Spain.

According to a report by the company, the flow of Algerian gas to Spain via Medgas, between January and March, increased by 15.4 percent compared to the same period in 2023, when the quantity reached 25.8 terawatts.

Algeria topped the countries supplying energy to Spain throughout 2023, with coverage reaching 29.2 percent of the country’s needs, ahead of the United States, which came in second.

Algeria had frozen foreign trade operations of products and services with Spain from June 2022 following an announcement by Spanish Prime Minister Pedro Sanchez that his country was siding with the Moroccan autonomy plan for Western Sahara.

Algeria strongly supports Polisario’s efforts to establish a Sahrawi state, causing a yearslong rift between Algiers and Rabat.

However, Algiers excluded gas from the decision to stop trade with Spain, as the two countries are bound by long-term energy contracts and any violation of these agreements would have resulted in the case being referred to international arbitration.



US-Saudi Business Council Hosts High-Level Investment Event

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat
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US-Saudi Business Council Hosts High-Level Investment Event

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat

The US-Saudi Business Council, in collaboration with the White House and the US Department of Commerce, hosted a high-level investment event on Friday in Washington.
The event was held in preparation for the upcoming visit of US President Donald Trump to the Kingdom of Saudi Arabia as part of ongoing efforts to strengthen the economic partnership between the two countries, the Saudi Press Agency said Saturday.
The event was attended by senior executives from more than 50 American companies, alongside a high-level Saudi delegation that included officials from over 10 ministries, government agencies, and private-sector companies. The gathering provided a valuable opportunity for dialogue and the exchange of perspectives on the prospects for bilateral cooperation.
Representatives from the US Department of Commerce and the US-Saudi Business Council presented strategic visions and key topics focused on supporting trade and investment relations between both sides.
Participants discussed cooperation opportunities in sectors vital to both economies, including digitalization and artificial intelligence, mining and minerals, innovation in the energy sector, and the development of cross-border trade and investment.
Bilateral meetings between representatives of American companies and the Saudi delegation offered platforms to explore market trends and strengthen direct business relations.
The event reflected the shared commitment of both countries to advance economic cooperation to deeper levels and highlights the pivotal role of the US-Saudi Business Council in building bridges between the public and private sectors in both Saudi Arabia and the United States.