Algiers — National oil and gas company Sonatrach signed Thursday with the Italian energy group ENI a memorandum of understanding (MoU) on the renewal of Italy's Algerian gas supply contract, to expire late 2019.
Sonatrach's CEO, Rachid Hachichi, and Italian ENI's, Claudio Descalzi, have signed a "memorandum of understanding (MoU) confirming their will to renew, soon, the gas supply contract and the transport modalities via the pipeline crossing the Mediterranean in the coming years," Sonatrach said in a statement.
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