U.S. supermajor Chevron has increased efforts to reach an energy exploration agreement with Algeria and is assessing the country’s estimated huge shale gas resources. Other energy majors, including Eni and TotalEnergies, see Algeria and North Africa as sources to replace Russian natural gas deliveries to Europe after Russia slashed supply to the West after it invaded Ukraine. Chevron has sent representatives to Algiers to explore opportunities, and some have met with Algerian officials in recent weeks. Algeria is believed to have the world’s third-biggest shale gas resources.
Source : Oil Price
