TotalEnergies: expands partnership with Sonatrach

(CercleFinance.com) - TotalEnergies announces the development of its partnership with Sonatrach in the Timimoun region of Algeria and in the marketing of LNG.


This agreement aims to develop gas resources in the North-East Timimoun region, capitalizing on existing processing facilities for production from the Timimoun field to reduce costs and emissions.

This MoU reflects our joint desire to extend our strategic partnership with Sonatrach, TotalEnergies said.

Earlier this year, TotalEnergies and Sonatrach extended their cooperation in the field of liquefied natural gas (LNG) by extending their contractual relationship until 2025.

In 2025, Sonatrach will deliver two million tonnes of LNG to TotalEnergies at the port of Fos-Cavaou, near Marseille, which will contribute to the security of energy supply in France and Europe.


Copyright (c) 2024 CercleFinance.com. All rights reserved.