Sonatrach to supply Germany with pipeline gas for the first time
Published by Isabel Stagg,
Editorial Assistant
World Pipelines,
Germany will receive its first supplies of pipeline natural gas from Algeria under a medium-term contract signed between a subsidiary of trader VNG AG and state-owned oil and gas firm Sonatrach, the companies said on Thursday 8 February, 2024, reports Reuters.
"We are happy to strengthen our energy business partnerships with Europe through this landmark agreement with the company VNG," Sonatrach CEO Rachid Hachichi said in a statement.
This makes VNG the first German company to purchase pipeline gas from Algeria, the statement cited VNG's CEO as saying.
The agreement is with Leipzig-based VNG Handel & Vertrieb GmbH (VNG), a wholly owned subsidiary of VNG AG.
The statement said did not give details of the duration or the value of the contract.
Germany has been forced to seek new suppliers after Russia's invasion of Ukraine in February 2022 ended Germany's decades of reliance on Russian gas.
Algeria's gas production at 106 billion m3/y, according to figures released by Sonatrach.
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World Pipelines’ February 2024 issue
The February 2024 issue of World Pipelines includes a report on pipeline activity in the UK and Europe, along with technical articles on protecting pipelines during construction, surface preparation, and measuring methane emissions from pipelines. This issue also includes our annual inline inspection Q&A, with contributions from a host of ILI experts.
Read the article online at: https://www.worldpipelines.com/business-news/09022024/sonatrach-to-supply-germany-with-pipeline-gas-for-the-first-time/
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