Algeria, Italy ink 5 deals to boost bilateral cooperation
ALGIERS, Algeria (AA) – Algeria and Italy signed five memoranda of understanding on Monday to boost bilateral cooperation during Italian Prime Minister Giorgia Meloni’s visit to the North African nation.
Two MoUs were signed between Algeria’s Sonatrach and Italian energy giant Eni for joint projects in energy supply, energy transition and decarbonization.
The agreements were inked in the presence of Meloni and Algerian President Abdelmadjid Tebboune.
Algeria has replaced Russia as Italy’s number one energy supplier, transporting natural gas by pipeline across the Mediterranean.
Last year, Algeria and Italy signed a deal to supply an additional nine billion cubic meters of gas by 2023-2024, which Eni said was worth $4 billion.