SONATRACH and the Mozambican company EMPRESA NACIONAL DE HIDROCARBONETOS, E.P. (ENH) signed, today, a Memorandum of Understanding relating to the promotion of bilateral cooperation in the sector of oil and gas in Mozambique, according to principles of equality, reciprocity and mutual benefits.

This Memorandum of Understanding was signed by the Chairman & Chief Executive Officer of SONATRACH, Mr. Rachid HACHICHI and Mrs. Ludovina BERNARDO, Chairwoman of the Board of Directors of ENH, during a ceremony organized at the Ministry of Mines and Energy of the Republic of Mozambique, in the presence of Dr. Mourad ADJAL, Minister of Energy and Renewable Energies who is paying a working visit in the Republic of Mozambique.

This MoU outlines the areas of common interest and notably concerns cooperation in the framework of hydrocarbons exploration and production projects, which extend to transportation and downstream activities, and also to the provision of services over the whole value chain.

Furthermore, this memorandum of Understanding provides for the examination the feasibility of connecting the distribution network of natural gas to households’ consumption. It aims also at reinforcing technical capabilities of the employees of the Mozambican company ENH through knowledge sharing in the fields of oil geology, engineering and operations, and thus thanks to training courses provided by SONATRACH.

this MoU represents a step forward in the energy cooperation process between Algeria and Mozambique. It reflects SONATRACH’s ambition to extend its activities at the continental scale as a major actor in the energy sector. ACTIVITHE that Further to this signing, SONATRACH and ENH agreed to carry out jointly studies focusing on several areas of cooperation, notably:

As a reminder, EMPRESA NACIONAL DE HIDROCARBONETOS, E.P.(ENH) is a national company entrusted with the mission of promoting the valorization of liquid and gaseous hydrocarbons in the republic of Mozambique throughout the hydrocarbon value chain.

About Sonatrach

SONATRACH is a fully integrated oil and gas company operating across the entire value chain, particularly in exploration, production, pipeline transport, refining and marketing.

As a cornerstone of Algeria’s economy, SONATRACH is the guarantor of national energy security, contributing up to 26% of Algeria’s GDP and 50% of national fiscal revenues.

SONATRACH is also an integrated Group with more than 150 subsidiaries and affiliates, SONATRACH employs, at the group’s level nearly 200,000 people.

About ENH

ENH, Empresa Nacional Hydrocarbons, is Mozambique’s state owned energy exploration and production company and represents the state of Mozambique investments across the industry.

Mozambique has an estimated 120 TCF of technically recoverable gas resources. In addition to drawing on this resource to fuel domestic energy demand, the first phase of LNG developments will produce over 30 million tonnes of LNG a year making Mozambique a leading LNG exporter.