The Algeria Declaration confirms the commitment of gas exporters to work for balanced and reliable markets. The price in European markets rose, according to statistics from the Energy Institute of BP, from $3 per million British thermal units in 2020 to $37.48 on average in 2022.
Gas prices gradually returned to their first level (i.e. before the Russian-Ukrainian war) starting in the fourth quarter of 2022, after Europe opened up to supplies of liquefied gas coming, especially from the United States.