VNG AG partners to explore green hydrogen production in Algeria
Author: PPD Team Date: October 17, 2024
VNG AG has signed a letter of intent with Algerian energy firms Sonatrach and Sonelgaz, along with SNAM, SeaCorridor, and VERBUND, to jointly assess the feasibility of large-scale green hydrogen production in Algeria. The project aims to export green hydrogen from North Africa via the proposed “South H2 Corridor” to Italy, Austria, and Germany.
The agreement sets the framework for future cooperation, including the preparation of essential studies to evaluate the technical and economic viability of the green hydrogen value chain. VNG AG, a Leipzig-based energy company, specializes in gas infrastructure and is committed to promoting a sustainable, climate-neutral energy future.