Chaher Boulakhras, President and CEO of the National Electricity and Gas Company of Algeria (Sonelgaz), and Juan Ondo Ndongo, General Manager of Equatorial Guinea’s National Gas Company (Sonagas), have signed a Memorandum of Understanding for enhanced cooperation in the field of gas transmission, distribution and energy efficiency.
The signing took place during the 5th Summit of the Gas Exporting Countries Forum, in Malabo, Equatorial Guinea, and was attended by Mohamed Arkab, Minister of Energy of Algeria, and Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea.
The agreement aims to develop skills, partnerships and sharing of best practices on gas and energy issues. Algeria is a leading country in Africa in the production, management and marketing of electricity and gas. Equatorial Guinea is currently developing its Gas Megahub project which aims to make the country a regional hub for gas distribution.
The MoU covers the regulatory framework for the gas sector, the transport and distribution of gas through pipelines, the supply and installation of gas meters and all other areas of the energy sector of mutual interest.
The Algerian government is focused on strengthening the role of its gas sector in its national and international economy, as well as optimising energy efficiency. Boulakhras expressed his satisfaction with the initiative: "This signature is a major step in the collaboration between our two countries in the energy sector. We are ready to strengthen Equatorial Guinea's capacities in all subjects that require it and, conversely, we are expecting a lot of collaboration so Equatorial Guinea can share its wide knowledge in the gas sector”.
Distributed by APO Group on behalf of Africa Oil & Power Conference.