The former head of the Italian government, Mario Draghi secured his country’s back by signing big contracts with Algeria, particularly in hydrocarbons. It was July 2022. Draghi’s successor, Giorgia Meloni, is currently in Algiers to cement these agreements. Many Italian ministers are part of the trip. The signal is given: if with the left hand or the far right, nothing will dampen the momentum between the two countries. “business as usual“…
The Italian delegation disembarked yesterday Sunday 22 January in Algiers, welcomed by Prime Minister Aïmene Benabderrahmane. This “friendly business visithas a very extensive menu, including a series of meetings with decision makers at Africa’s top gas exporter, Le Figaro reported on Monday.
There will be a big issue of sharing oil and gas production, for an investment of 4 billion dollars. There will be leaders of the energy sector, including the Italian giant Eni. The goal is to find a sustainable alternative to Italy’s dependence on Russian hydrocarbons. let’s remember that there are also the French TotalEnergies and the American Occidental for these projects…
We have learned that the volume of gas sent to Italy will increase very soon. It should be noted that prior to the Russian incursion into Ukraine, Italy imported 95% of its roasted gas, of which nearly 40% was supplied by Russia. The European embargo obliges, Rome focuses more on Algeria, which was already its second source of supply. The giant Eni has been operating in the country since 1981 and is piloting the TransMed pipeline with the Algerian hydrocarbon company Sonatrach, which connects with Italy, passing through Tunisia.
Eni is so deeply rooted in Algeria that the authorities requested it last November to increase the production of renewable energy. This demonstrates the strength of the ties between the two countries.
Finally, know that Giorgia Meloni will be received on Monday by President Abdelmadjid Tebboune, according to the Italian news agency ANSA.