On May 27, 2024, Algeria's state-owned giant Sonatrach signed a strategic cooperation agreement with Slovenia's Geoplin. The agreement aims to further expand and enhance the flow of Algerian gas to Slovenia through the gas pipeline connecting Algeria and Italy, thereby ensuring a more stable and adequate gas supply to Slovenia.

The signing ceremony of the agreement was held in the presidential Palace of the Republic of Algeria in the capital of Algiers, and the leaders of the two countries personally attended and jointly supervised the process. This not only highlights the importance of the agreement, but also symbolizes the deep friendship and close strategic cooperation between Algeria and Slovenia. The two leaders delivered warm speeches at the ceremony, expressing high appreciation and expectations for the signing of the agreement and stressing the importance of energy cooperation for the economic development of the two countries.

Under the terms of the agreement, Sonatrach and Geoplin will strengthen their cooperation in all aspects of gas extraction, processing, transportation and distribution to ensure a stable supply of high-quality Algerian gas to Slovenia. At the same time, the two sides will also explore cooperation opportunities in renewable energy and other energy fields, and jointly promote the diversification and sustainable development of the energy structure.

The signing of this agreement is of great significance for both Algeria and Slovenia. For Algeria, this will not only help to consolidate its position in the international energy market, but also promote economic development through the expansion of natural gas exports. For Slovenia, this will ensure that the country has access to a stable and reliable supply of natural gas, helping to meet its growing energy needs and driving steady economic growth.Editor/Zhang Liyuan