Remittances Review

ISSN:2059-6588 | e-ISSN: 2059-6596

ISSN:2059-6588 | e-ISSN: 2059-6596

Energy security and diversification of energy resources are imperative for building a new model of development in Algeria

Authors:
KAFI Farida, AMROUCI Hanene, NECIRA Bilal
Keywords
Energy security; energy resource diversification; fossil fuels; new development model; Algeria ,

Abstract

This research highlights the growing importance of energy security and diversification of energy resources as an economic and strategic imperative, given the intense competition Algeria faces in exporting its gas and petroleum products. Some experts predict the economic depletion of Algeria's energy resources before their natural depletion due to emerging variables Consequently, Algeria is currently obligated to establish a new development model that relies on strategic alternatives for the sustainable utilization of its energy resources to meet the needs of development and the current generation without compromising the interests of future generations. The research also emphasizes the need to adopt a new development model based on diversifying energy resources and focusing on energy security strategies to achieve increased well-being for the society and genuine development in Algeria.