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Business meetings and agreements | Midstream

Eni signs Heads of Agreement with Statoil on revision of terms in long-term gas supply contract

27 February 2014 - 6:15 PM CET
 

San Donato Milanese, 27 February 2014 - Eni has today signed a Heads of Agreement with Statoil on the revision of the terms of its long-term gas supply contract. These revisions include amongst others pricing and volume.

The arbitration proceedings initiated by Eni are therefore suspended for 30 days, allowing the parties to complete a detailed agreement in the context of a constructive effort to address a changing European gas market.

The HoA with Statoil is part of Eni's effort to renegotiate all third-party gas supply contracts, with the target of achieving a competitive portfolio by January 1st,  2016.

Download the press release (PDF)

PDF 23.34 KB 27 February 2014 CET 18:15
PDF 23.34 KB