According to a report by the International Gas Union (IGU), Algeria ranked seventh in the world in terms of LNG production capacity, ahead of, at the African level, Nigeria (8th position) with a production capacity of nearly 22.2 million tonnes/year and Egypt (10th position) with 12.2 million tonnes.
The United States of America tops this ranking with 91.4 million tonnes/year, followed by Australia (87.6 million tonnes/year) and Qatar (77.1 million tonnes/year). These three countries together represent more than half of the world's production capacity.
Malaysia comes in fourth place with a production capacity of 32 million tonnes/year, just ahead of Indonesia (30.3 million tonnes/year), Russia (29.1 million tonnes/year), Algeria, Nigeria, Trinidad and Tobago (14.8 million tonnes/year) and Egypt.
Global LNG production capacity increased to 483.1 million tonnes/year until the end of February 2024, while the average utilization of the operated production capacity was around 88.7% last year, slightly down from 2022 (89%).
Furthermore, Algeria recorded, according to the report, an increase in its LNG export volume at the end of 2023, with 2.88 million additional tonnes compared to 2022, thus bringing its total exports to 13 million tonnes, with an estimated market share of 3%, placing it seventh in the world.
The report also looked at the main LNG trade flows between regions in 2023, ranking trade between Algeria and Turkey (4.29 million tonnes) and from Algeria to France (3.20 million tonnes) as the first and third largest LNG trades in Africa and Europe respectively.