Algeria is poised to power up its energy exports with a new electricity pipeline to Europe via Italy, taping into its vast energy reserves amid rising global demand. Over the weekend, Algerian Energy Minister Mohammed Arkab announced the “historical project” during a visit to a facility of Sonelgaz, the state-owned electricity and gas company. On Sunday, 21 July, Arkab revealed that Sonatrach, the state-owned hydrocarbons company, and Sonelgaz are preparing to sign contracts to build a submarine cable connecting Algeria to Europe. This cable will enable Algeria to export electricity produced b…