EU fears Algerian-Russian gas alliance
And on the subject of oil and gas... Bear in mind: "40% of EU gas imports originate from Russia (30% Algeria, 25% Norway)". The Gazprom-Sonatrach deal, along with continued turmoil in the Middle East raising prices, could help keep Algeria's foreign currency revenues high for years to come.
Gulf Times, Stratfor.
PS: It seems Algeria has something else to offer in the deal: LNG technology.