New Agreement between SONATRACH & Eni to Accelerate Gas Projects Development

Source: www.gulfoilandgas.com 5/26/2022, Location: Africa

The Chairman of SONATRACH, Toufik Hakkar, and Eni CEO, Claudio Descalzi, signed a Memorandum of Understanding (MoU) in Rome aimed at accelerating the development of gas fields in Algeria and decarbonisation via green hydrogen. The signing ceremony was witnessed by the President of the People's Democratic Republic of Algeria Abdelmadjid Tebboune and the Italian Prime Minister Mario Draghi during a state visit to Rome. Today’s MoU represents a further step in strengthening energy cooperation between Italy and Algeria and is in line with Eni's strategy of diversifying energy sources with a focus on decarbonisation.

In more detail, the Memorandum of Understanding will allow SONATRACH and Eni to evaluate the gas potential and opportunities for accelerated development at specific fields already discovered by SONATRACH in Algeria. The gas production volumes expected from the areas covered by the agreement is equal to approximately 3 billion cubic meters per year and will contribute to increasing the export capacity of Algeria to Italy through the Transmed pipeline.

The Memorandum also covers the technical and economic evaluation for a green hydrogen pilot project in Bir Rebaa North (BRN) in the Algerian desert, with the goal of supporting the decarbonisation of the BRN gas plant operated by JV SONATRACH-Eni GSE.

Eni is the main international energy company operating in Algeria, where it has been present since 1981.


United States >>  6/29/2022 - PDC Energy, Inc. announced that the Colorado Oil and Gas Conservation Commission (“COGCC”) approved the Company’s Broe Oil & Gas Development Plan (“OG...
Trinidad and Tobago >>  6/27/2022 - Onshore Trinidad's Ortoire block is where Touchstone Exploration Inc. ("Touchstone" ) (TXP) provides an update on operational progress. The Ortoire bl...

United Kingdom >>  6/23/2022 - Highlights:
• Anning and Somerville gas field development classified as Reserves following an independent Technical and Commercial Audit conducte...

Morocco >>  6/22/2022 - Chariot (CHAR), the Africa focused transitional energy company, announces its audited final results for the year ended 31 December 2021. ...

United Kingdom >>  6/21/2022 - Union Jack Oil, a conventional onshore hydrocarbon production, development, and exploration business based in the United Kingdom, has released details...
Canada >>  6/16/2022 - - 2022 guidance increased to an average production range of 31,500 to 32,500 boe/d based on expanded capital development program
- Second half 2...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.