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Algeria & Slovenia Sign Natural Gas Supply Deal

May 28, 2024
Algeria & Slovenia Sign Natural Gas Supply Deal
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Algeria and Slovenia have signed several agreements, including a significant contract to supply natural gas to the European country.

The signing ceremony took place at the Algerian Presidential Palace following bilateral talks between Algerian President Abdelmadjid Tebboune and Slovenian Prime Minister Robert Golob, who is on an official visit to Algeria.

President Tebbone and Prime Minister Golob jointly oversaw the signing of several agreements.

Among these, a notable contract was signed between Sonatrach, the Algerian state oil and gas company, and the Slovenian company Geoplin for the supply of natural gas.

Additionally, the two governments signed a cooperation agreement regarding the mutual exemption from short-term visa requirements for holders of diplomatic passports.

A memorandum of understanding was also signed between the Ministry of Higher Education and Scientific Research and the Slovenian Ministry of Digital Transformation in the field of artificial intelligence.

Algeria is working on enhancing the Trans-Saharan Gas Pipeline project, which will connect Nigeria to the Mediterranean coast, passing through Algeria and Niger by linking with the Algerian gas network.

Algeria’s Minister of Energy and Mines, Mohamed Arkab, explained that the project will contribute to the natural gas supply for Europe, thus boosting energy security in the northern Mediterranean coast and supporting the socio-economic development of the transit countries.

Furthermore, Arkab mentioned that Algeria will participate in a strategic dialogue with its European partners concerning the establishment of the Southern H2 Corridor. This corridor aims to transport renewable hydrogen produced in Algeria to Germany via Tunisia, Italy, and Austria.

He added that realizing this “massive” project will require the formation of robust partnerships between the public and private sectors, highlighting that such collaboration will enable “the mobilization of the significant investments needed through partnerships to develop the infrastructure for hydrogen production, storage, and transport.”

Tags: AlgeriaSlovenia
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