Europe via three pipelines
The overall budget deficit also narrowed, from 12% to 7.2% of GDP, supported by the jump in hydrocarbon revenues. However, Allianz forecasts a return to a deficit is expected by 2025 due to declining non-renewable energy prices. Algeria exports natural gas to Europe via three pipelines: the Enrico Mattei (Transmed) pipeline to Italy, the Medgaz pip