Finance, strategy and reporting | Global gas & LNG
Eni: agreement with GasTerra
01 September 2016 - 6:02 PM CEST
San Donato Milanese (Milan), 1 September 2016 – Eni refers to its press release of 20 July 2016 relating to the arbitration proceedings with GasTerra and the provisional measures initiated by GasTerra, i.e. the provisional seizure of amongst others Eni's participation in Eni International BV, for the amount of the payment requested (equal to EUR 1.01 billion). In accordance with an agreement between Eni and GasTerra on the basis of which Eni provided alternative security to GasTerra by means of a bank guarantee, GasTerra has now lifted the provisional seizures.
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