In the representative headquarters of the Prime Minister, Villa Pamphili, an important meeting between Algeria and Italy. During the ceremony, numerous institutional and commercial agreements were signed, to which the two countries had been working for several months.
Algeria has been fundamental for Italy since the government Dragons He identified it as a country of gas supplier to replace Russia. One of the crucial agreements of this meeting was in fact the one involving Eni and Sonatrach to strengthen investments in Algeria and ensure greater supplies to Italy.
The Italy-Algeria meeting in Rome
An important meeting between the governments of Algeria and Italy was held on Wednesday 23 July during the day of Wednesday 23 July, in the presence of the Prime Minister Giorgia Meloni and the Algerian president Abdelmadjid text. In all there were also about twenty ministers of both governments, as well as 400 entrepreneurs who participated in the Business Forum in the afternoon.
The two countries have signed 12 institutional agreements, including one to enhance the Algerian and Italian places of the life of Sant’Agostino and nominate them as heritage UNESCOand about thirty commercial agreements. The Prime Minister Meloni commented on the result of the meeting:
With the precious collaboration of Algeria, Italy aims to become a hub of energy entry to Europe. We work on new energy and digital corridors.
The agreement between Eni and Sonatrach on the gas
At the center of the entire meeting is inevitably the gas. After the invasion of Ukraine by Russia and the consequent reduction of commercial relations with Moscow, Algeria has become the first methane supplier in our country. Through the Transmed gas pipeline, which arrives in Mazzara del Vallo, in Sicily, Italy every year matters about a third of all the gas that buys from abroad right from the North African country.
To strengthen these supplies, Eni and Sonatrach they signed a protocol with two objectives:
- strengthen the safety of gas supply;
- evaluate the extension of the supply contract, which expires in 2027.
The Italian plan is to encourage an increase not only of imports, but also in general of the production of gas in Algeria. By 2028, thanks to overall investments from more than 8 billion dollarsthe North African country should increase its production capacity of 5.5 billion cubic meters of methane per year.
The collaboration between TIM and Sparkle-Algerie and the other agreements
Another important agreement signed during the meeting between Algeria and Italy is that between Tim Sparkle and Algerie Télécom For the realization by the Italian company of an underwater cable that connects Europe and Algeria, in order to guarantee a better quality of the Internet connection and a lower latency. Enrico Bagnasco, Sparkle CEO, he positively commented on the agreement:
This agreement represents a significant step in strengthening digital ties tin Europe and North Africa. We are proud to contribute to the digital future of Algeria through the creation of modern infrastructures and innovative and safe solutions for a fast and resilient international connectivity.
Other protocols signed during the morning will favor the expansion of Stellantis in Algeria and greater collaboration between Invitaliathe public company that deals with the investments of the Italian state, and its Algerian homologous AAAPI.
