Eni's Chief Executive Officer, Claudio Descalzi, and Sonatrach's Chief Executive Officer, Toufik Hakkar, signed today in Algiers strategic agreements outlining future joint projects in the fields of energy supply, energy transition and decarbonisation. The agreements were signed in the presence of the Italian Prime Minister, Giorgia Meloni, and the President of the People's Democratic Republic of Algeria, Abdelmadjid Tebboune.
Through these agreements, Eni and Sonatrach will identify opportunities for the reduction of greenhouse gas and methane gas emissions, define energy efficiency initiatives, development of renewables, green hydrogen production and carbon dioxide capture and storage projects, in support of safety energy and at the same time for a sustainable energy transition. In addition, the companies will conduct studies to identify possible measures to improve Algeria's energy export capacity to Europe.
Eni's Chief Executive Officer, Claudio Descalzi, commented: “These agreements demonstrate our commitment to guaranteeing the security of Italy's energy supplies, while pursuing our decarbonisation objectives. The partnership between Italy and Algeria is today further strengthened and Algeria's key role as one of Europe's main energy suppliers is confirmed”.
Eni has been present in Algeria since 1981. With an equity production of 100.000 barrels of oil equivalent per day, Eni is the main international company in the country.