French multinational utility company ENGIE is pursuing a deal with Algeria whereby the North African country is expected to increase natural gas exports to France. When concluded, the deal will see Algeria increase exports by as much as 50%, bringing much-needed energy security to France while increasing revenue generation for Algeria.
The deal follows French President H.E. Emmanuel Macron’s visit to Algeria earlier this month, where he met with H.E. Abdelmadjid Tebboune, President of Algeria, during which the parties discussed energy trade and vowed “to build a new pact.”
