The European Union and Algeria have laid out a roadmap for the coming year to develop their partnership in the energy sphere, the European Commissioner for Climate Action and Energy, Miguel Arias Canete, said Tuesday.
The commissioner was speaking at the annual high level meeting, held as part of the strategic energy partnership between the EU and Algeria, at the energy ministry in Algiers.
The partnership covers areas of common interest including hydrocarbons, renewable energies and energy efficiency, reform of the legislative and regulatory framework, progressive integration of energy markets, infrastructure development of common interest, technology transfer and local development.
“The strategic partnership on energy is a pillar of relations between the European Union and Algeria. Today’s meeting allowed us to strengthen this relationship and to establish a better understanding of our reciprocal positions,” Canete said.
“We have established a roadmap that will guide partnership activities in the coming year and that will develop our partnership in a constructive and beneficial way,” he added.
For his part, Energy Minister Mustapha Guitouni said: “The main objective of this partnership is the encouragement of European investments in the natural gas sector, renewable energies and skills.”
“In this regard, European companies are invited even more to invest in the exploration and production of hydrocarbons in Algeria,” he added.
“We have discussed gas contracts today and negotiations are underway, gas contracts that fuel Spain are already signed and today in Madrid negotiations take place for the rest of the contracts.”
“We are a reliable country we honor our commitments we are a strategic operator for Europe and we want to stay there and there is no problem on that side, so contracts are in the process of to be ratified.”
The European Union and Algeria are bound by an Association Agreement signed in 2005 and a memorandum establishing a strategic energy partnership signed in July 2013.