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Eni: gas supply agreement signed with Sonatrach

17 July 2018 - 2:00 PM CEST
 

San Donato Milanese (Milan), 17 July 2018 – Eni and Algeria’s Sonatrach have reached an agreement over their existing gas supply contract, settling the commercial conditions for the 2018-19 gas year that is in line with the gas market. The agreement covers about 20% of the gas imported to Italy.

 

The two companies have also agreed to open negotiations for the extension of the gas supply contracts beyond their current natural expiry in 2019, with a view to strengthening cooperation and partnership between them.

 

Claudio Descalzi, Chief Executive Officer of Eni, commented: “This represents another step forward in Eni’s strategic renegotiation of long-term gas supply contracts and underscores the spirit of strong cooperation between Sonatrach and Eni, which is developing in several areas, including exploration, development of new gas projects and renewables”.

Download the press release (PDF)

PDF 39.60 KB 17 July 2018 CEST 14:00
PDF 39.60 KB