en.Wedoany.com Reported - Algeria's national oil company (SONATRACH) and VNG AG have signed a Memorandum of Understanding aimed at exploring cooperation opportunities in the development of green hydrogen and ammonia, as well as methane emission reduction, marking another step in their joint efforts to promote low-carbon energy collaboration.

The agreement was signed at SONATRACH's headquarters, with senior leaders from both sides in attendance, including SONATRACH Chairman and CEO Nour Eddine DAOUDI, VNG AG Executive Board Chairman Ulf HEITMÜLLER, and Board Member Hans-Joachim POLK.

Based on discussions under a preliminary framework agreement signed on December 20, 2022, the memorandum aims to translate dialogue into concrete projects, with a primary focus on decarbonizing the hydrocarbon value chain.

At the core of the cooperation is the exploration of new synergies in the production of green hydrogen and ammonia, while advancing coordinated efforts to reduce methane emissions, which is regarded as one of the most pressing climate challenges in the industry.

Both parties view this memorandum as a sign of mutual trust and a commitment to jointly addressing the energy transition, with SONATRACH positioning it as part of its move toward a cleaner energy system and climate-friendly operations.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com