10-07-2023
TotalEnergies strengthens its gas partnership with SONATRACH
During a meeting held on July 9 in Algiers between Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Toufik Hakkar, Chief Executive Officer of SONATRACH, several agreements were signed to strengthen the cooperation between the two companies in the production of natural gas in Algeria, the delivery of liquefied natural gas (LNG) to Europe, as well as the development of renewables in Algeria.
1. Natural gas: increased production at the Tin Fouyé Tabankort fields
Under a first agreement, which remains subject to the approval of the Algerian authorities, SONATRACH and TotalEnergies have agreed to convert the production contracts for the Tin Fouyé Tabankort II (TFTII) and Tin Fouyé Tabankort Sud (TFT sud) fields in southern Algeria (Sonatrach 51%, TotalEnergies 49%) to the framework established by the new Algerian Petroleum Law enacted on December 11, 2019.
In this context, SONATRACH and TotalEnergies will pursue the investment program already launched to increase the gas production of TFTII and TFT South, which includes the upgrade of existing facilities and the drilling of additional wells. The combined production of the two fields is expected to exceed 100,000 boe per day by 2026, versus a level of around 60,000 boe per day in 2022, thus increasing the potential export of Algerian gas to the European market.
2. European energy security: additional LNG deliveries
Under a second agreement, Sonatrach and TotalEnergies have extended for the year 2024 deliveries by SONATRACH of 2 million tons per year of LNG to TotalEnergies at the port of Fos-Cavaou, near Marseille, France. These deliveries of Algerian liquefied natural gas contribute directly to energy security in France and Europe.
3. Energy transition: developing renewables in Algeria
Under a third agreement, TotalEnergies and SONATRACH will cooperate to develop renewable energy projects in Algeria, specifically:
- Renewables projects to solarize exploration and production sites for oil and gas;
- A study of the potential for renewable, low-carbon hydrogen for the export market;
- An R&D program in low carbon energies and the energy transition.
"I am delighted to sign these new agreements with our strategic partner SONATRACH. They testify to TotalEnergies’ close ties to Algeria, whose resources contribute directly to Europe’s energy supply and security. We are also delighted to be able to support Algeria in its energy transition and in the development of its huge potential for renewable energy production," said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
News Category:
-
Neste enhances its chemical recycling capabilities by collaborating with Tepsa Netherlands on the storage and handling of liquefied waste plastic in Rotterdam, the Netherlands. ...
04-10-2024
-
ExxonMobil selects IPSMR® liquefaction process technology and proprietary equipment
ExxonMobil, on behalf of Mozambique Rovuma Venture, operator of the Area 4 concession in northern Mozambique’s Rovuma Basin – announces its strategic decision to ...
04-10-2024
-
BCCK and Carbon Clean agreement to deliver carbon capture solutions across the US
BCCK and Carbon Clean will collaborate to provide Carbon Clean’s semi-modular CaptureX technology to customers across the US. Priority sectors include oil & gas ...
03-10-2024
-
Honeywell and Chevron collaborate on AI-assisted solutions for refining processes
Collaboration aims to enhance refining operations and workforce with advanced AI-Assisted technologies, including a new generation of alarm management solutions. Honeywell ...
01-10-2024
-
StraightFlo™ reciprocating compressor valve provider rebrands as Atlas Copco
In a move underscoring the company’s expanded global reach and enhanced resources, reciprocating compressor valve maker Zahroof Valves Inc. will now operate under the ...
01-10-2024
-
ADNOC signs investment agreement to buy Covestro
Covestro AG today signed an Investment Agreement with certain entities of the ADNOC Group, including ADNOC International Limited and its subsidiary, ADNOC International ...
01-10-2024
-
Technip Energies passes final performance acceptance test for Long Son petrochemicals olefins plant
Technip Energies announces that the Long Son Petrochemicals Co Ltd, olefins plant in Long Son Island, Ba Ria-Vung Tau province, Vietnam, passed its final performance ...
01-10-2024
-
Honeywell completes acquisition of Air Products LNG process technology and equipment business
Honeywell today announced the completion of its acquisition of Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in ...
30-09-2024
-
ECI Group is pleased to announce it has signed a licensing agreement with Shaanxi Yanchang China Coal Yulin Energy & Chemical Co., Ltd. (YECC) to deliver a 150kta ...
24-09-2024
-
Technip Energies and KBR selected for major LNG project by Lake Charles LNG
The KTJV joint venture between Technip Energies and KBR has been selected for a major Engineering, Procurement, Fabrication and Construction (EPFC) project by Lake Charles ...
20-09-2024