New Russian energy projects with Egypt and Algeria

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The Russian Energy Minister Nikolai Shulginov said on Thursday, that Russia had agreed with Algeria to increase the presence of Russian companies in natural gas production projects in Algeria.

This came before the launch of the second Russian-African summit.

The Russian Gazprom company intends to start a gas production at the al Asil site in Algeria in 2026.

At the same time, Russia had agreed with Algeria to increase energy supplies and expand the participation of Russian oil and gas companies in new projects in Egypt as well.

On the other hand, Russia and Mali are negotiating to jointly establish electricity transmission networks and generation stations in the African country.

Russia intends to sign a memorandum of understanding with the Republic of the Congo to establish an oil pipeline in the African country.

For two days, the Russian city of St. Petersburg will host the second Russian-African summit, with the participation of a number of leaders of African countries.

Assistant to the Russian President for International Affairs, Yuri Ushakov, confirmed the participation of 49 out of 54 African countries in the summit, noting that 17 presidents will attend the summit, in addition to the heads of the African Union Commission and the African Bank for Import and Export.

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