Sunday, October 1, 2023
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.


NCDMB hosts NOGOF, to launch Compendium of Nigerian Content Opportunities in Yenagoa

According to NCDMB Executive Secretary, Engr. Simbi Wabote, this year’s theme is important as it highlights the critical role of the oil and gas industry in fueling industrialization and overall development of Nigeria's economy. 

Saudi Arabia and OPEC+ Producers to Cut Oil Production Output Until End of 2023

Saudi Arabia and OPEC+ producers have recently announced a surprising cut to oil production. The move to cut...

Nigeria’s first deepwater vessel, Bonga FPSO hits 1BN barrels milestone 

Aiboni also attributed the success of Bonga to the supportive partnership with the Nigerian National Petroleum Company Limited and SNEPCo’s co-venturers – TotalEnergies EP Nigeria Limited, Nigerian Agip Oil Company, and Esso Exploration and Production Nigeria Limited.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

Allegation of illegal sale of 48m barrels of crude false, Malami insists

Recall that the minister took the same position when he first appeared before the panel on April 27, 2023 to give testimony.

Recent Comments