- TotalEnergies and Sonatrach strengthen ties through extended LNG agreement
- Timimoun region development underlines commitment to energy efficiency and reduced emissions.
Paris, France — TotalEnergies said Monday it agreed with Sonatrach to extend their existing cooperation in the liquefied natural gas (LNG) domain until 2025. This extension will see Sonatrach delivering two million tonnes of LNG annually to TotalEnergies at the Fos-Cavaou port near Marseille. This substantial supply is anticipated to play a crucial role in ensuring the energy security of both France and Europe.
Under the extended contract, the import of LNG from Algeria to France symbolizes not only a robust economic partnership but also a strategic alignment in energy policies amid growing concerns over energy security in Europe. The choice of Fos-Cavaou, a significant terminal in Southern France, highlights the region’s growing importance in Europe’s energy landscape.
Complementing this extended LNG agreement, TotalEnergies and Sonatrach have also signed a Memorandum of Understanding aimed at intensifying hydrocarbon exploration and development activities in Algeria’s northeast Timimoun region. This initiative, governed by Algeria’s hydrocarbon Law n°19-13, signifies a significant commitment towards optimized resource utilization and environmental stewardship.
The memorandum outlines an ambitious work program focusing on the appraisal and development of gas resources in the North-East Timimoun region. The overarching goal of this endeavor is to synergize these activities with the existing processing infrastructures in the Timimoun field. This strategic move is expected to streamline operations, resulting in reduced operational costs and lower emissions, aligning with broader global goals of environmental sustainability.
The enhanced collaboration between TotalEnergies and Sonatrach and their commitment to leveraging Algeria’s rich natural gas reserves while prioritizing efficiency and sustainability, mark a progressive step in the European energy sector. This partnership is set to have far-reaching impacts on the regional energy market, reinforcing energy security while advancing ecological considerations in hydrocarbon production.
The extension of the LNG contract to 2025, along with the focused development in the Timimoun region, is a testament to the evolving dynamics of the global energy sector, emphasizing sustainable practices and cross-border cooperation in addressing the complex challenges of energy supply and environmental conservation.