EGYPT

The agreement comes in line with Mubadala Energy’s commitment to energy transition goals. According to the deal, the two parties will conduct joint studies and, potentially, business development activities in this strategic area of carbon mitigation.

Under a second agreement, Sonatrach and TotalEnergies have extended their deliveries of 2 million tons per day of LNG to TotalEnergies until the year 2024. While the third agreement stated that TotalEnergies and Sonatrach have agreed to examine the development of projects to produce renewable energy in Algeria.

- PETROLEUM PRODUCTS & CRUDE OIL OVERVIEW

- NATURAL GAS IN DEPTH

- CONDENSATES HIGHLIGHTS

- GOVERNMENT'S PLANS TO BOOST PETROLEUM PRODUCTION

Through the agreement, the two companies will provide a framework to explore CCUS solutions for Pertamina’s and Mubadala Energy’s existing portfolio of assets in Indonesia through collaborative discussions and evaluation of relevant projects.