Algeria and four European companies have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen.
The agreement, involving Algeria’s state-owned energy giants Sonatrach and Sonelgaz, brings together European partners VNG (Germany), SNAM (Italy), SeaCorridor (Italy), and Verbund Green Hydrogen (Austria).
In a major step forward in the global energy revolution, the partnership seeks to evaluate the feasibility and profitability of developing a large-scale green hydrogen project in Algeria.
The MoU was signed at the 12th edition of the North Africa Petroleum Exhibition and Conference (NAPEC) in Oran, Algeria.
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Present at the signing ceremony were Algeria’s Minister of Energy and Mines, Mohamed Arkab, as well as ambassadors from Germany, Italy, and Austria, alongside senior executives from the partnering companies.
This partnership is set to focus on producing green hydrogen—a renewable and carbon-free energy source that is gaining attention as a solution to reduce Europe’s dependence on fossil fuels.
The hydrogen produced under this initiative will be transported via the SoutH2 Corridor, a critical infrastructure that will deliver green energy to European markets.
Algeria’s Minister of Energy and Mines emphasized the importance of this agreement, highlighting Algeria’s role as a strategic energy supplier to Europe. “This project holds the potential to meet Europe’s growing demand for green energy, while further positioning Algeria as a key player in the renewable energy sector,” said Arkab.
The green hydrogen project not only reinforces Algeria’s commitment to clean energy but also provides Europe with a reliable source of renewable energy.
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European executives involved in the project praised the agreement, noting its significance in creating sustainable energy infrastructure and addressing climate change.
With increasing global demand for clean energy, this initiative marks a pivotal step in the cooperation between Algeria and Europe to promote renewable energy technologies, making it a game-changer for both Algeria and Europe.
