Russian gas titan Gazprom has unveiled plans to bolster its relationship with Algeria in the energy sector, which reportedly include inviting Algerian state-owned petroleum firm Sonatrach to join its Baltic LNG project.
The announcements come following a meeting between a delegation led by Alexander Medvedev, deputy chairman of Gazprom’s management committee, and various Algerian government representatives, including the country’s prime minister, finance minister and energy & mining minister.
During the meeting, the two parties addressed the status and development prospects of interaction between Russia and Algeria in the energy sector, and confirmed mutual aspirations to promote relationships in this area.
In particular, they have pointed to the significance of joint efforts aimed at contributing to sustainable operation of the world energy markets and ensuring global energy security.
The parties also expressed their confidence to further promote long-term cooperation between Gazprom and Sonatrach. As reported by Platts, this includes work on the LNG project on Russia’s Baltic Sea coast, which is expected to begin supplying gas in 2010.