Italy is turning to Algeria for cooperation in the renewables sector
Italy is ready to increase cooperation with Algeria in the energy transition: Increased cooperation in renewables projects and an electric interconnection was at the top of the agenda in a Tuesday meeting between the head of Algeria’s state-owned gas firm Sonelgaz and Italy’s ambassador to Algeria Giovanni Polizzi, according to a statement. Polizzi expressed Italian companies' willingness to boost investments in the electricity and gas sector in Algeria, the statement added. The meeting was attended by other executives of Sonelgaz.
REMEMBER- Algeria has been struggling to grab investor attention: Algeria has recently been criticized for having an “inconsistent regulatory environment” by the US. In July, Spain decided to exclude Algeria from a European-wide hydrogen transport infrastructure with Morocco, despite previous proposals of a submarine natural gas pipeline between Algeria and Spain.