Gas
UAE-Controlled Moeve Sells Algerian Upstream Assets
CEII brief
OilPrice.com reported on 4 Nov 2026: UAE-Controlled Moeve Sells Algerian Upstream Assets.
Read the full story on OilPrice.comSpanish energy firm Moeve has agreed to sell its upstream oil and gas assets in Algeria to units of Indonesia’s state energy firm Pertamina in a deal that sees Moeve, majority owned by Abu Dhabi’s fund Mubadala, exiting the upstream business globally.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
99.0% of electricity in Algeria came from gas in 2024Countries in this story
Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
