In Europe, the demand for hydrocarbons remains extremely high, especially since Brussels decided to sever ties with Moscow. Russia, which was one of the main gas suppliers to the Old Continent, now occupies a marginal role compared to other nations that have emerged.
Algeria is notably one of these countries, having established itself in just a few months as one of the primary suppliers, if not the leading supplier, of gas to Spain. In October 2024 alone, this North African nation accounted for 53% of total gas imports, significantly outpacing Russia (16.1%) and the United States (8%), its two main competitors.
Algeria, Spain’s Leading Gas Exporter
It appears increasingly clear that Algeria plays a crucial role in ensuring Spain’s energy security. In total, 13,574 GWh (Gigawatt-hours) of gas have been sent to Spain, of which 10,296 GWh was in the form of “traditional” gas via the Medgaz pipeline. The remainder (3,458 GWh) was in the form of LNG (liquefied natural gas).
Compared to the beginning of the year (from January to September), Algeria reportedly exported 37.9% of the natural gas imported by Spain, according to data released by Enagas. Once again, this surpasses its main competitors, with Russia supplying 21.3% of Spain’s gas imports and the United States 17.8%. Thus, Algeria occupies a central position.
Here’s a comprehensive table showing the evolution of gas market shares in Spain from 2021 to 2024:
Two Partner Countries Collaborating
In addition to the international geopolitical situation, the geographical proximity of the two countries is one of the main factors that can explain the particularly strong partnership between them. This strategic situation allows for mutual benefits between these two partners, whose relationship has not always been smooth.
