Algeria to Allocate 260 Billion Dinars to Rationalize Energy Consumption by 10% by 2030

  • Algiers, People's Democratic Republic of Algeria
  • 19 June 2023
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The director general of the Algerian National Agency for the Development and Rationalization of Energy Use, Marwan Shaaban, revealed that Algeria will allocate 260 billion dinars ($ 1.93 billion) to rationalize energy consumption by 10% by 2023. Shaaban stressed that the funds will be used to implement the 2023-2030 plan to reduce consumption.

In 2022, Algeria and Italy signed contracts to pump additional quantities of gas amounting to an additional 9 billion cubic meters in the medium term, as part of Rome's efforts to get rid of dependence on Russian gas.

Source (Al-Arabiya.net Website, Edited)

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