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Wednesday, June 15, 2022

Algeria: Sonatrach, Eni and, MoU on gas and hydrogen opportunitiesnote

The CEO of Algeria’s state-owned oil company Sonatrach Toufik Hakkar, and multinational oil and gas company Eni’s CEO Claudio Descalzi, signed on 26/5/2022 a Memorandum of Understanding (MoU) in Rome.

The MoU aimed at accelerating the development of gas fields in Algeria and blue hydrogen export and eventual green hydrogen production, as Italy seeks new ways to reduce its reliance on Russian hydrocarbons.

Moreover, Descalzi and Hakkar had a phone call to discuss the agreement.

Tactical Report has prepared a 492-word report to shed more light on the outcome of the discussions.


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