Tuesday, November 29, 2022
Home WORLD MARKET Slovenia secures gas supplies from Algeria

Slovenia secures gas supplies from Algeria

On November 15, Matija Bitenc, General Manager of Slovenia’s GEOPLIN, and Samia Hamadache, Director Gas Marketing Division of Sonatrach, signed a mid-term contract for the supply of natural gas from Algeria to Slovenia. The agreement represents an important step towards ensuring further diversification of natural gas procurement sources. By signing this agreement GEOPLIN further increases the reliability of natural gas supply for its customers.

GEOPLIN and Sonatrach concluded the agreement for the supply of natural gas for a period of three years, from January 1, 2023, when deliveries will begin, until December 31, 2025. The transfer of natural gas from Algeria to Slovenia will take place via gas pipelines via Tunisia, the Mediterranean Sea and Italy up to the entry point in the Slovenian gas pipeline system Gorica – Šempeter. The concluded mid-term agreement is the result of excellent past cooperation between the companies GEOPLIN and SONATRACH in the years from 1992 to 2012 and the outcome of several months of talks and cooperation between the two companies.

The signing ceremony of the supply contract took place in the presence of Bojan Kumer, Slovenian Minister for Infrastructure, Tanja Fajon, Slovenian Minister of Foreign Affairs, and Mohamed Arkab, Algerian Minister of Energy and Mining of the People’s Democratic Republic of Algeria. This year, it has also been 30 years since the Slovenian ratification of the Agreement on the Establishment of Diplomatic Relations between the Republic of Slovenia and the People’s Democratic Republic of Algeria, which marked the beginning of economic co-operation between the two countries.

“The agreement on the supply of natural gas from Algeria is of strategic importance for GEOPLIN, which supplies natural gas to Slovenian industrial consumers and natural gas traders, as it represents a further diversification of GEOPLIN’S already diverse portfolio of natural gas procurement sources and routes,” emphasized Matija Bitenc, general manager of GEOPLIN.

RELATED ARTICLES

Demand for Nigerian oil drop as price climbs above $100 a barrel

Oil traders awaited the release of Nigeria's September official selling prices as export plans for some crude grades emerged and lower demand continued to weigh on offer prices.

Toyota to invest $1.8bn in Indonesia to make electric vehicles

Toyota also planned to introduce several types of hybrid electric vehicles in the next four years, the statement said.

Nigeria’s crude oil output averaged 1.238m bpd in June – OPEC

The report said the figure showed an increase of 5,000 barrels per day when compared to the 1.233 million bpd produced averagely in the month of May 2022.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

TCN adds 98MW to grid; energizes 2x60mva 132/33kv Gwarinpa Sub-station

According to a statement, the 132kV transmission sub-station is one of the five sub-station projects comprising the Abuja Ring Projects, funded by Agence Francais de Developpment (AFD).

NDPHC wins Power project of the year award

The Power Sector Awards is an initiative designed to recognize, celebrate and promote public and private sector organizations and individuals in the Nigerian Electricity Supply Industry (NESI).  

TCN delivers 22 Power Transformers, other Transmission Equipment to Lagos store

The equipment described as the highest of such in the company’s history, comprise of 22 power transformers, haulage trucks, transmission switchyard spare parts, 45No. earthing transformers, Suspension Clamps, Vibration Dampers, Armor Rods, Circuit Breakers, Current transformer, Voltage transformers, 100tons Crane truck heads

Baobab+ celebrates two years in Nigeria distributing Solar Home Systems

Speaking on the anniversary, the Chief Executive Officer, Baobab+, Kolawole Osinowo, the company has equipped thousands of households and served several beneficiaries with its off-grid energy solutions in the past 2 years.

Recent Comments