Collaboration between Eni and Gazprom has a long history. Starting in 1969, when the first between the two partners. In 2000 the Blue Stream Pipeline Company was set up to operate the Blue Stream gas pipeline. contract was signed for the supply of 6 billion cubic metres per year of natural gas from the USSR to Italy, Eni and Gazprom laid the foundation for a long and stable working relationship that has continued up to the present day. In 2013 Eni became the major corporate importer of Russian gas with the purchase of 21.55 bcm.

A 1998 agreement between Eni and Gazprom signalled a new phase of collaboration
Eni has been present in Russia since 2007, following the acquisition of assets including three Russian companies operating in the exploration and development of natural gas reserves. The three companies, managed by the sub-holding OOO SeverEnergia, own significant, predominantly gas, resources located in the Yamal Nenets region, the world’s largest natural gas producing region. On 15 January 2014 Eni sold its 60% equity stake in Artic Russia B.V. - which holds a 49% equity stake in the SeverEnergia joint venture - to Novatek.

On 21 March 2017 Eni and Gazprom signed a Memorandum of Understanding. The document reflects the parties’ interest in analyzing the prospects for cooperation in developing the southern corridor for gas supplies from Russia to European countries, including Italy, as well as the modernization of the Russia – Italy gas supply agreements. The Memorandum also provides for the consideration of partnership options in the LNG sector.


Last updated on 25/09/18