Algeria's Sonatrach Plans $1 Billion Project for Natural Carbon Storage
10/23/2023
(Reuters) — Algeria's state oil and gas firm Sonatrach has plans for a $1 billion project for natural carbon storage through planting 420 million trees over 10 years, Algeria's Ennahar TV reported on Monday, citing Energy Minister Mohamed Arkab as saying.
Arkab added that Algeria, a major gas exporter, aimed to have renewables accounting for 30% of its energy mix by 2035, Ennahar reported.
Related News
- East Timor Discusses Gas Pipeline Development with Sinopec, Other Chinese Firms Over Stalled Multi-Billion Gas Project
- Woodside Completes $1.2 Billion Acquisition of Tellurian, Renaming Driftwood LNG to Woodside Louisiana LNG
- California's Largest RNG Plant Opens, Transforming Landfill Gas into Clean Energy
Related News
Sign up to Receive Our Newsletter
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
- Ukraine Approves $20 Billion Plan to Boost Renewable Energy to 27% by 2030
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments