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Home >> Business
UPDATED: 11:44, February 20, 2007
German economic minister to visit Algeria on energy
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German Economic Minister Michael Glos will visit Algeria on Wednesday as part of Germany's efforts to address its energy concerns, local reports said Monday.

The minister, with a 50-member high-ranking business delegation, will meet with Algerian President Abdelaziz Bouteflika, Prime Minister Abdelaziz Belkhadem during the two-day visit, said German news agency DPA.

He is also slated to attend a German-Algerian economic forum, said the report.

German utility giant Eon has recently signed a declaration of intent with Algerian state energy company Sonatrach on a long-term provision of liquid natural gas (LNG).

Germany has been seeking to diversify its energy sources in a bid to reduce its heavy reliance on Russia.

Algeria, a major energy supplier to Europe, is the world's 11th largest oil producer and fourth largest natural gas producer.

Source: Xinhua


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