Algeria's Gas - No Change Yet for Worried Companies

24 January 2013

New security concerns have only added to the woes of Algeria's natural gas sector, as investment falls due to a deteriorating operating environment.

By targeting expatriates in Algeria’s gas sector, jihadist terrorists went for the jugular. Energy accounts for 98 percent of the country’s exports and 70 percent of tax revenue, with the In Amenas plant accounting for 12 percent of Algeria’s gas output. Hence the government’s uncompromising response, killing the captors (and, unintentionally, some of their hostages) to comprehensively dissuade other armed groups from trying their luck.

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