Europe via three pipelines

Europe via three pipelines

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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 pipeline to Spain, and the Maghreb-Europe (MEG) pipeline to Spain via Morocco. (The MEG pipeline is now used for the re-export of natural gas from Spain to Morocco, following Algeria’s decision to cease gas shipments to Morocco in November 2021 to pressure Morocco over Western Sahara autonomy.) Italy is the main destination for Algeria’s natural gas exports, accounting for almost 67 percent of the total exports, followed by Spain with around 30 percent. สล็อต เว็บตรง