Patrick Pouyanné, chairman and CEO of TotalEnergies, and Toufik Hakkar, chief executive officer of Sonatrach have signed several agreements to strengthen the cooperation between the two companies.
- Under the first agreement is for Sonatrach and TotalEnergies have agreed to convert the production contracts for the TFTII and TFT Sud fields in southern Algeria (Sonatrach 51%, TotalEnergies 49%).
- Under a second agreement, Sonatrach and TotalEnergies have extended for the year 2024 deliveries by Sonatrach of 2 MTPA of LNG to TotalEnergies at the Port of Fos-Cavaou, France.
- Under a third agreement TotalEnergies and Sonatrachwill cooperate to develop renewable energy projects in Algeria.
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Pouyanné says: ‘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.’
