Eni, SNAM Finalize €405M Deal for Algeria-Italy Interconnection Pipelines

Eni. SNAM

SeaCorridor will leverage Eni and SNAM’s expertise in energy transportation and infrastructure ownership, as well as operation and maintenance to optimize gas exportation from North Africa to meet growing energy demand in Italy.

The deal will help accelerate the development and monetization of North Africa’s vast natural gas resources while fast-tracking the maximization of the region’s entire hydrogen value chain in support of the energy transition.

While Europe is seeking alternative energy supplies as the continent diversifies away from Russian gas, the deal will play a crucial role in simplifying and boosting energy trade between Europe and Algeria.

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Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
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