Eni and Sonatrach ink agreements to boost decarbonization and energy security: Italian multinational energy company Eni signed two agreements with Algeria’s state-owned oil firm Sonatrach designed to achieve emissions reduction targets more rapidly and strengthen energy security, according to a statement. The agreements appear to have been signed during a joint press conference held by Italian Prime Minister Giorgia Meloni and Algerian President Abdelmadjid Tebboune in Algiers yesterday.

The details: The companies will identify prospects for greenhouse gas and methane emissions reduction, as well as initiatives in fields spanning energy efficiency, renewable energy, green hydrogen and carbon capture and storage, the statement notes. Eni and Sonatrach will also undertake studies to see how Algeria’s energy export to Europe could be improved, it adds.

ALSO- Italy and Algeria are eyeing a hydrogen and ammonia pipeline: Italy and Algeria have signed an agreement to study and possibly construct a pipeline that could transport hydrogen, ammonia, and gas from North Africa to Europe, Meloni and Tebboune announced in yesterday’s press conference, AFP notes. The agreement could even feature an electricity connection, the outlet adds.

Algeria has an increasingly large role to play in energy supply: Algeria — already a major gas exporter — could become a global leader in energy production, Meloni said at the conference. Before the Russia-Ukraine war, Italy imported 95% of its gas supply — with some 40% coming from Russia — and is now looking to Algeria as an increasingly important partner in helping to reduce this dependence, AFP tells us.