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Algeria’s Energy Minister to Highlight $60B Transformation Plan at AEW 2026
Algeria is accelerating efforts to expand energy capacity and attract international investment, placing its $60 billion energy sector transformation plan at the forefront of its 2026 agenda. Minister of Energy and Renewable Energy Mourad Adjal will join global leaders, financiers and policymakers at African Energy Week (AEW) 2026 in Cape Town, where the country will showcase new investment opportunities across upstream, midstream and renewable energy sectors while reinforcing its role in global energy security.
Algeria’s energy strategy is anchored by an ambitious E&P plan, aiming to expand hydrocarbon output and strengthen the country’s position as a reliable supplier to Europe and beyond. Natural gas production is expected to rise 46% between 2025 and 2030, from 137 billion cubic meters to 200 billion cubic meters, creating major opportunities for international investors. The country’s 2026 licensing round will offer 24 onshore exploration blocks across five key basins, supporting plans to drill up to 500 new wells. Approximately 75% of the $60 billion plan is dedicated to E&P, making AEW an ideal venue for operators, service providers and investors to engage directly with the Minister.
As geopolitical tensions continue to reshape global energy flows – from instability in the Middle East to ongoing disruptions along key maritime routes such as the Strait of Hormuz – European markets are accelerating efforts to secure stable, proximate energy supplies. In this context, Algeria’s push to expand hydrocarbon production and export capacity positions the country as a critical alternative supplier. Increased investment in pipelines, LNG infrastructure and refining capacity is not only strengthening Algeria’s export capabilities but also creating immediate opportunities for international partners seeking to reduce exposure to supply shocks and geopolitical risk.
“At a time when the world is scrambling for reliable energy, Algeria is stepping up as a serious, dependable supplier,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. “With billions in investment on the table and a clear plan to scale production – from hydrocarbons to hydrogen – this is a market full of opportunity, and AEW 2026 is where investors need to be to secure their place in that growth story.”
Algeria is also accelerating its energy transition. The country plans to deploy 3,200 MW of renewable energy by 2030, expanding to 15,000 MW by 2035, opening substantial opportunities for renewable developers and financiers. Hydrogen is emerging as a cornerstone of this strategy, with Algeria targeting 30-40 TWh of green hydrogen and derivatives by 2040 – enough to supply roughly 10% of Europe’s hydrogen demand. The country estimates $24.8 billion in investment will be required for hydrogen production, transport and export infrastructure, presenting opportunities across renewable power generation, electrolyzer deployment and logistics.