Sonatrach partners with VNG and ICA-Finance to drive decarbonization

Sonatrach has signed a memorandum of understanding in Algiers with Germany's VNG AG and Norway's ICA-Finance to advance low-carbon energy solutions. The signing, attended by Sonatrach CEO Nour Eddine Daoudi alongside executives Ulf Heitmuller and Matthew Harwood, focuses on mitigating methane emissions and implementing measurement, reporting, and verification (MRV) systems. This partnership aims to facilitate technology transfer, capacity building, and the mobilization of climate finance through carbon credits. It aligns with Sonatrach’s broader climate strategy, which targets eliminating gas flaring by 2030 and establishing Algeria as a key hub for sustainable energy transition.