Algeria has reaffirmed its position as a strategic and reliable partner for Greece in meeting the European country's energy needs, particularly in natural gas. Minister of Energy Mohamed Arkab made the statement during a meeting with Greek Parliament Speaker Nikitas Kaklamanis, who is on a working visit to Algeria. The meeting was attended by the Greek ambassador to Algeria and several officials from both countries.
The discussions focused on reviewing the current state of bilateral cooperation between Algeria and Greece and exploring opportunities to enhance and expand it, especially in the energy sector. The two sides also examined ways to develop economic and investment partnerships, building on the historical friendship between the two nations. Arkab highlighted the existing partnership between Algerian energy company Sonatrach and the Greek energy conglomerate DEPA.
The meeting provided a platform for the two countries to discuss prospects for strengthening commercial cooperation in the energy sector, including crude oil, petroleum products, and liquefied natural gas (LNG). The sides also explored new opportunities to increase exchanges in the energy field. Arkab emphasized the importance of developing partnerships and investments in various energy sectors, particularly in the exploration and production of hydrocarbons.
Arkab invited Greek companies operating in the energy sector to enhance their presence and invest in Algeria, particularly in the oil and gas industry. He highlighted the benefits of the new legal frameworks governing investment and the energy sector. The two sides also stressed the importance of encouraging Greek companies to participate in Algerian energy projects, especially in the local manufacturing of equipment and technologies related to the oil and gas industry.
The discussions also touched on cooperation in reducing methane emissions and minimizing carbon footprint, as part of efforts to expand energy cooperation between Algeria and Greece. Kaklamanis expressed satisfaction with the level of relations between the two countries and emphasized the need to continue strengthening bilateral cooperation, particularly in the energy sector.
The Greek Parliament Speaker acknowledged the significance of the energy partnership between Algeria and Greece, describing it as a key pillar in supporting relations between the two countries. He expressed hope that the meeting would lead to new opportunities for cooperation and investment.
The meeting between Arkab and Kaklamanis reflects the commitment of both countries to deepening their energy partnership and exploring new avenues for cooperation. The two sides demonstrated a shared desire to strengthen economic ties and promote investment in the energy sector.
Key points
- Algeria and Greece are strengthening their energy partnership, with a focus on natural gas and other hydrocarbons.
- The two countries are exploring opportunities to develop economic and investment partnerships in the energy sector.
- Greek companies are being encouraged to invest in Algeria's oil and gas industry.
