Totalenergies, SONATRACH Join Forces To Develop Gas Resources In Algeria
(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 9. TotalEnergies andSONATRACH have signed an agreement to explore and develop gasresources in Algeria's northeast Timimoun region, Trend reports.
According to TotalEnergies, this agreement falls under Lawn°19-13, which governs hydrocarbon activities.
This Memorandum of Understanding aims to create a plan forassessing and developing gas resources in the North-East Timimounarea. The plan will work alongside existing processing facilitiesfor production from the Timimoun field, to cut costs andemissions.
Earlier this year, TotalEnergies and SONATRACH extended theircollaboration in the liquefied natural gas (LNG) sector until 2025 part of this, SONATRACH will deliver 2 million tons of LNG toTotalEnergies at the port of Fos-Cavaou, near Marseille, next year will directly enhance energy supply security in France andEurope.
"This Memorandum of Understanding reflects our sharedwillingness to expand our strategic partnership with SONATRACH",said Julien Pouget, Senior Vice President Middle East & NorthAfrica, Exploration & Production at TotalEnergies.
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