Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Eni, Algeria's Sonatrach aim to increase energy supply to Europe

(Reuters) - Eni and Algeria's Sonatrach will study joint projects to improve the north African country's energy export capacity, the Italian group said on Monday, as Rome strives to become a bridge for African trade with Europe.

The two energy companies signed new deals on Monday during Italian Prime Minister Giorgia Meloni's first trip to Algiers, where she met the country's President Abdelmadjid Tebboune.

Algeria last year emerged as Italy's biggest gas supplier, replacing a significant part of the imports that previously came from Russia.

Rome wants to further increase its energy imports from Algeria, acting as a hub for supplies between Africa and northern Europe in the coming years.

Under this plan, state-controlled Eni would leverage its long-standing expertise in Algeria, where it has been present since 1981.

Eni CEO Claudio Descalzi travelled to Algiers with Meloni to meet Sonatrach CEO Toufik Hakkar.

"Two agreements were signed between Eni and its Algerian counterpart, one to identify activities to reduce greenhouse gas emissions and the other to achieve an increase in energy exports from Algeria to Italy and potentially from Algeria to Europe," Meloni said at a joint press briefing with Tebboune.

Eni and Sonatrach will study ways to increase the transport capacity for existing gas supplies and also work on a new pipeline to also transport hydrogen, Meloni said.

She also referred to the laying of an undersea electrical cable connecting the two countries, and increasing the capacity of Algeria to produce liquefied natural gas (LNG).

"There will be a special pipeline that will involve hydrogen and electricity... this is a very important project that will make Italy a distributor of these energies for the whole of Europe," Tebboune said.

Eni's founder Enrico Mattei created privileged business relationships with several north African countries soon after the end of World War Two.

Meloni said she planned a modern-day "Mattei Plan" for a new diplomatic drive in Africa, in which Algeria would play a key role.

(Reporting by Francesca Landini and Alvise Armellini Editing by Gavin Jones and Mark Potter)


Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Lee Nichols
Modern society would not be possible without the use of pipelines to transport natural gas, crude oil and finished products to demand centers.


Optimizing Gas Distribution: Accounting for Changeovers, Regulators, and More

Register Now

Gas distribution systems are critical to the effective operation of many industrial facilities around the world. Despite the importance of these systems, however, opportunities to improve their performance and cost-effectiveness are often missed or misunderstood. Increasing changeover pressure may seem like a good way to improve system flow, for example, but it often does so at the expense of bottled gas. Adding regulators may help you control supply pressure, but it also adds cost to your system. So, how do you know what the ideal gas distribution setup is for you?

Attend this webinar to:

  • Gain a basic understanding of the fluid dynamics that affect pressure control in gas distribution systems, learning to interpret flow curves and recognize phenomena like lockup, droop, and supply pressure effect (SPE)
  • Learn how inlet pressure affects regulator performance and when to specify certain regulator types and configurations to effectively control gas system pressures

Understand the inherent trade-offs between gas utilization and flow capacity and how to select both the right changeover pressure and automatic changeover panel design for your operations.

May 4, 2021 10:00 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2023 Gulf Publishing Holdings LLC.