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Reuters
Reuters
Business
By Lamine Chikhi

Analysis: Confident Algeria rides gas high

FILE PHOTO: Newly elected Algerian President Abdelmadjid Tebboune delivers a speech during a swearing-in ceremony in Algiers, Algeria December 19, 2019. REUTERS/Ramzi Boudina

Europe's attempts to wean itself off Russian gas have given Algeria a shot in the arm.

Flush with energy revenues after Russia's invasion of Ukraine sent demand for its oil and gas soaring, authorities are spending more on social benefits and taking a more assertive stance abroad, pivoting from years of declining wealth and the political upheaval of a mass protest movement.

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