SONATRACH, SONELGAZ, VNG, SNAM, SEACORRIDOR and VERBUND GREEN HYDROGEN sign a MoU relating to Green Hydrogen
SONATRACH (Algeria), SONELGAZ (Algeria), VNG (Germany), Snam (Italy), SEACORRIDOR (Italy) and VERBUND GREEN HYDROGEN (Austria) signed, today, a Memorandum of Understanding in order to conduct jointly necessary studies, throughout the hydrogen value chain to assess the viability and profitability of an integrated project for the production of green hydrogen in Algeria in order to supply the European market via the “SoutH2 Corridor”.
The signing ceremony took place at the Oran Convention Center (CCO) and was chaired by the Minister of Energy and Mines Mr. Mohamed ARKAB, in the presence of members of the Government, their Excellencies The Ambassadors of Italy, Germany and Austria, and also The Chairman & Chief Executive Officer of SONATRACH Group Mr. Rachid Hachichi, the Chairman & Chief Executive Officer of SONELGAZ Mr. Mourad Adjal and Mr. Hans-Joachim Polk, Member of the Board of Directors at VNG, Mr. Sergio
Molisani, Chief International Officer of Snam, Mr. Francesco Caria, Chairman & Chief Executive Officer of SEACORRIDOR and Mr. Franz Helm Managing Director of VERBUND GREEN HYDROGEN.
This Memorandum of Understanding will allow the parties to examine jointly the opportunity to implement an integrated multi-stakeholders project throughout the value chain of green hydrogen using the SoutH2 Corridor.
SoutH2 Corridor will play a major role in the reduction of the energetic dependence on fossil energies and promoting an energy transition towards a low carbon and sustainable economy.
Achieving this ambitious project has the potential to satisfy the European green energy needs and will allow to strengthen Algeria’s position as a major energy supplier to Europe.
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SONATRACH, SONELGAZ, VNG, SNAM, SEACORRIDOR and VERBUND GREEN HYDROGEN sign a MoU relating to Green Hydrogen, source
