July 19, 2022
1 min read

Algeria, Italy agree to boost energy ties

The visit of Draghi focused on finalizing deals to increase Algerian natural gas supply to Italy to replace the possible cut of Russian gas supply…reports Asian Lite News

Algeria and Italy on Monday signed 16 cooperation agreements in energy and other fields during Italian Prime Minister Mario Draghi’s one-day visit.

Algerian President Abdelmadjid Tebboune held a meeting with Draghi and the two sides signed 16 agreements in the fields of hydrocarbons and renewable energy, investment, pharmaceutical industry, scientific research and so on.

“Tomorrow (Tuesday) we will sign a 4-billion-U.S. dollar deal with Occidental, Eni and TotalEnergies, which will allow supplying Italy with a large quantity of Algerian natural gas,” said Tebboune at a joint press briefing, stressing the commitment between the two countries to pursuing energy cooperation.

The two leaders also discussed regional and international issues, as well as global food security, he added.

For his part, the Italian prime minister said that Algeria is a “key” country for Italy in the field of energy, stressing that the two countries have to strengthen their friendly ties in a bid to face several common challenges.

He noted that over the recent months, Algeria has become the main gas supplier for Italy.

The visit of Draghi focused on finalizing deals to increase Algerian natural gas supply to Italy to replace the possible cut of Russian gas supply.

On Friday, Algeria announced that it would increase its gas exports to Italy by 4 billion cubic meters. The Algerian energy giant Sonatrach will ensure the delivery of the additional natural gas shipment to its Italian partners, including Eni, according to the official Algeria Press Service.

Algeria has already delivered 13.9 billion cubic meters of gas to Italy so far in 2022. In 2021, the North African country exported 21.2 billion cubic meters of natural gas to Italy.

ALSO READ-ALGERIA@60

Previous Story

UN commemorates Mandela

Next Story

US successfully tests hypersonic missile

Latest from -Top News

Ramaphosa gains from US showdown

South African President’s conduct with Trump reminded South Africans of his diplomatic pedigree, and of his importance to the country’s rules-based order South Africa’s President Cyril Ramaphosa and his delegation went to

Armed gangs kill dozens in Nigeria

A local state governor said “scores” of people had been killed in the attacks, which also saw homes and properties destroyed. Northeast Nigeria has been gripped by a deadly wave of violence

Children die as USAID aid cuts snap a lifeline

Trump administration cut more than 90% of USAID’s foreign aid contracts and $60 billion in overall assistance around the world. Programs serving children were hit hard Under the dappled light of a
Go toTop

Don't Miss

UEFA charges England with multiple offences

Before the match at Wembley, fans engaged in brawls and

Egypt, Algerian Presidents discuss bilateral ties, regional developments

Egyptian President Abdel-Fattah al-Sisi and his visiting Algerian counterpart Abdelmadjid