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Algeria’s Sonatrach to supply Germany with pipeline gas for first time

Algeria’s Sonatrach to supply Germany with pipeline gas for first time

Germany will receive its first supplies of pipeline natural gas from Algeria under a medium-term contract signed between a subsidiary of trader VNG AG and state-owned oil and gas firm Sonatrach, the companies said on Thursday. "We are happy to strengthen our energy business partnerships with Europe through this landmark agreement with the company VNG," Sonatrach CEO Rachid Hachichi said in a statement. This makes VNG the first German company to purchase pipeline gas from Algeria, the statement cited VNG's CEO as saying. The agreement is with Leipzig-based VNG Handel & Vertrieb GmbH (VNG), a wholly owned subsidiary of VNG…
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Algeria’s state oil and gas firm Sonatrach plans $1 billion project for natural carbon storage

Algeria’s state oil and gas firm Sonatrach plans $1 billion project for natural carbon storage

ALGERIA'S state oil and gas firm Sonatrach has plans for a $1 billion project for natural carbon storage through planting 420 million trees over 10 years, Algeria's Ennahar TV reported, citing Energy Minister Mohamed Arkab as saying. Arkab added that Algeria, a major gas exporter, aimed to have renewables accounting for 30% of its energy mix by 2035, Ennahar reported.
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