TotalEnergies and Algeria’s state energy firm Sonatrach have signed agreements that will strengthen the cooperation between the two companies in the development of renewables in the North African country.
The agreement was signed on July 9 in Algiers during a meeting held between Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Toufik Hakkar, Chief Executive Officer of Sonatrach.
Under the agreement, TotalEnergies and Sonatrach will cooperate to develop renewable energy projects in Algeria, specifically:
- Renewables projects to solarize exploration and production sites for oil and gas;
- A study of the potential for renewable, low-carbon hydrogen for the export market; amd
- An R&D program in low carbon energies and the energy transition.
Additional agreements were signed regarding the production of natural gas in Algeria and the delivery of liquefied natural gas (LNG) to Europe.
“I am delighted to sign these new agreements with our strategic partner SONATRACH. They testify to TotalEnergies’ close ties to Algeria, whose resources contribute directly to Europe’s energy supply and security. We are also delighted to be able to support Algeria in its energy transition and in the development of its huge potential for renewable energy production,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.