Berlin Turns to Algiers for Gas Amid Diversification Drive
Germany's Foreign Minister Johann Wadephul has announced that his country is seeking gas deals with Algeria to diversify its supply. Speaking in Algiers, Wadephul emphasized the need for long-term contracts to secure a stable energy source.
The move comes as concerns grow over Germany's gas storage levels, which are currently only 53% full compared to an EU average of 65%. This has led to fears of a possible energy crunch this winter.
Germany had previously relied heavily on Russian gas but deliveries stopped after Russia launched its invasion of Ukraine in 2022. Since then, the country has largely replaced Russian energy with Norwegian piped gas and American liquefied natural gas (LNG), although LNG prices are often higher and more volatile than those from long-term piped gas deals.
Wadephul noted that Algeria has already secured deals with Spain and Italy and expressed hope that Germany can also secure part of its gas supply in the country. He stated, 'We need to diversify... We need long-term gas contracts.'