Eni & Sonatrach Set Up New Company for Transport of Algerian Gas
Eni and Algeria's Sonatrach have set up Transmed S.p.A., new joint-owned company to commercialise additional natural gas capacity carried through pipelines owned by Transmediterranean Pipeline Company Ltd (TMPC).
The creation of Transmed follows an agreement signed on 15 May between Eni and Sonatrach, which established the expansion of the Trans Tunisian Pipeline Company (TTPC) pipeline.
The agreement will increase annual transport capacity to Italy by up to 3.2 billion cubic meters starting from 2008 and up to further 3.3 billion cubic meters annually from 2012. The additional transport capacity will be entirely at the disposal of third party importers in Italy.
The TTPC pipeline crosses Tunisian territory from Oued Saf Saf, point of delivery of gas to the Algerian border, to Cap Bon, on the Sicilian Channel, where it connects with the TMPC pipeline carrying gas onto the Italian territory.
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