Eni, Sonatrach Agree to Accelerate Gas and Decarbonization Projects in Algeria

Per the deal, the companies will evaluate “the gas potential and opportunities for accelerated development at specific fields already discovered by Sonatrach in Algeria,” Eni said in a statement.

Eni, Sonatrach Agree to Accelerate Gas and Decarbonization Projects in Algeria

The MOU between Eni and Sonatrach is key to Italy and Algeria boosting their energy cooperation and is in line with Eni's corporate strategy to diversify energy sources with a focus on decarbonization. (Source: Hart Energy, Shutterstock.com)

Italy’s Eni and Sonatrach signed a memorandum of understanding (MOU) aimed at accelerating development of gas fields in Algeria and decarbonization via green hydrogen.

Per the deal, the companies will evaluate “the gas potential and opportunities for accelerated development at specific fields already discovered by Sonatrach in Algeria,” Eni announced May 26 in a statement on its website.

Gas areas covered by the MOU have production estimated at approximately 3 Bcm per year (106 Bcf per year) and “will contribute to increasing the export capacity of Algeria to Italy through the Transmed pipeline,” Eni said.

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Pietro Pitts

Pietro Donatello Pitts is a senior energy reporter for Hart Energy. He covers Latin America and the Caribbean as well as regions from North America to Europe, Africa and Asia. He covers topics spanning from the upstream, midstream and downstream sectors to the energy transition and geopolitical events impacting the global energy sector.