Algeria's Shale Gas Potential Attractive for Eni

Algeria’s shale gas potential and offshore reserves remain attractive for Eni, the Italian firm said in a statement.

Eni’s  Chief Executive Officer Paolo Scaroni met with Algerian Energy Minister Youcef Yousfi in Algiers on Thursday to discuss these issues.

Paolo Scaroni and Youcef Yousfi discussed future developments of cooperation between Eni and Sonatrach for the exploration and development of shale gas. The two companies will bring together their vast experience in the exploration and production of unconventional hydrocarbons, Eni said.

Eni would also be interestd in the development of new exploration activities in offshore, in which Eni has experience as a leading operator in the Mediterranean area, and onshore Algeria, particularly in the Atlas area.