- Eni SpA, Sonelgaz, and Sonatrach have signed a MoU to study the feasibility of a subsea power line between Algeria and Europe.
- The study will evaluate carbon-free electricity production, transmission, and marketing to create an energy hub and enhance energy security.
- This initiative aligns with Algeria’s 15 GW solar capacity goal by 2035 and supports global efforts to transition to sustainable energy sources.
Italian energy firm Eni SpA signed a memorandum of understanding (MoU) with Algeria’s Sonelgaz and Sonatrach to study constructing a subsea power line linking Algeria to Europe.
The Algerian companies announced the agreement in press statements. They outlined plans to cover all aspects of the project, including the production, transmission, and marketing of carbon-free electricity from renewable sources. The study will also provide a timeline from design to implementation and eventual commissioning.
This MoU builds on previous agreements between Eni and Sonatrach, which focused on energy supply, transition, and decarbonisation. The new project aligns with Algeria’s ambition to achieve 15 GW of solar capacity by 2035.
The planned subsea power line could create a significant energy hub between Algeria and Europe. This move represents a step forward in diversifying energy sources and reducing carbon emissions.
The feasibility study will involve a market assessment to conduct a technical and legal evaluation of the project. The detailed timetable will outline the project’s stages, from initial design to completion.
This collaboration reflects a growing trend towards renewable energy and sustainable development. It underscores the importance of international cooperation in achieving energy transition goals.
Eni, Sonelgaz, and Sonatrach, all key players in the energy sector, will bring their combined expertise to ensure the success of this ambitious project. The study will consider various factors, including environmental impact and economic viability.
The subsea power line aims to enhance energy security for Algeria and Europe. It will provide a reliable source of clean energy and help meet growing energy demands.
This initiative forms part of a broader effort to reduce reliance on fossil fuels. It supports global efforts to combat climate change and promote sustainable energy solutions.
The partnership between Eni, Sonelgaz, and Sonatrach represents a strategic move. It leverages the strengths of each company to achieve a common goal. The project could serve as a model for future collaborations in the energy sector.
The study’s findings will determine the project’s feasibility. They will inform decisions on investment and implementation. Successful completion of the project could pave the way for similar initiatives in other regions.
In summary, the MoU between Eni, Sonelgaz, and Sonatrach marks a significant step towards building a subsea power line between Algeria and Europe. The project aims to create an energy hub, enhance energy security, and support sustainable development goals. The feasibility study will be vital in assessing the project’s potential and guiding its implementation.