Sonatrach: tripartite memorandum on low-carbon solutions (Radio Algerienne)
According to Radio Algerienne, Sonatrach signed a memorandum of understanding with VNG AG and ICA-Finance on methane emissions and carbon credits.
In short
According to Radio Algerienne, the Sonatrach group signed a memorandum of understanding in Algiers on Tuesday with the German company VNG AG and the Norwegian company ICA-Finance. It covers emission cuts, low-carbon solutions, technology transfer and capacity building. The head of the group said it has set a goal of zero gas flaring by 2030.
Key points
- Memorandum of understanding signed in Algiers on Tuesday, per Radio Algerienne
- Parties: Sonatrach, VNG AG (Germany) and ICA-Finance (Norway)
- Topics: measurement, reporting and verification (MRV), methane, technology transfer
- Climate finance through carbon credit mechanisms
- Sonatrach goal: zero gas flaring by 2030
What the memorandum provides
According to Radio Algerienne, the memorandum aims to support the rollout of measurement, reporting and verification (MRV) systems. It provides for concrete measures to cut methane emissions during operations.
- Encourage technology transfer and capacity building
- Mobilise climate finance through carbon credit mechanisms
- Develop and export low-carbon energy solutions, with an energy hub created in Algeria
Who is concerned
The memorandum is signed by the Sonatrach group, the German company VNG AG and the Norwegian company ICA-Finance. The signing took place on the sidelines of a workshop on climate finance and carbon markets, organised by the Ministry of Hydrocarbons and Sonatrach.
Background of the cooperation
The dispatch recalls a memorandum concluded with ICA-Finance in October 2024, devoted to projects supporting the group's emission reduction initiatives. It also recalls a memorandum concluded with VNG AG in June 2026, on cutting methane emissions along the gas value chain.
The head of Sonatrach said the group targets zero gas flaring by 2030 and treats methane reduction as an environmental priority.
For foreign investors
According to Radio Algerienne, the memorandum brings a German company and a Norwegian company together with Sonatrach. It provides for technology transfer, capacity building and the mobilisation of climate finance through carbon credits.
Frequently asked questions
Who signed the tripartite memorandum with Sonatrach?
According to Radio Algerienne, Sonatrach signed it with the German company VNG AG and the Norwegian company ICA-Finance, in Algiers on Tuesday.
What does the memorandum aim at, according to Radio Algerienne?
It aims to support MRV systems and methane emission cuts. It also encourages technology transfer, capacity building and climate finance through carbon credits.
What flaring goal has Sonatrach set?
According to the dispatch, the group has set a goal of zero gas flaring by 2030.