Eni has been present in Russia since 2007, over an developed and undeveloped acreage of 62,592 square kilometers (20,862 square kilometers net to Eni).
Approximately 30% of Eni’s natural gas is supplied by Russia. These supplies are out of the reach of current sanctions.
Furthermore, Eni is currently partnering the Russian company Rosneft in executing two exploration projects in the Russian sections of the Barents Sea and one in the Black Sea.
An escalation of the political crisis in Russia and Ukraine could affect Eni’s business in particular, and the global energy supply generally.
In response to the Russia-Ukraine crisis, the European Union and the United States have enacted sanctions targeting, inter alia, the financial and energy sectors in Russia by restricting the supply of certain oil and gas items and services to Russia and certain forms of financing. Eni’s activities potentially targeted by the sanction regime comprise the upstream projects executed in Russia or with Russian partners that have been targeted by sectorial restrictive measures.Eni has adapted its activities to the applicable sanctions and will adapt its business to any further restrictive measures that could be adopted by the relevant authorities. Recently, the US government has tightened the sanction regime against Russia by enacting he “Countering America’s Adversaries Through Sanctions Act”. In response to these new measures, the Company could possibly refrain from pursuing business opportunities in Russia or could slow down, postpone or put on hold certain exploration projects under execution in Russia.
Gas & LNG Marketing and Power
In 2017 the supply of natural gas of the Russian Federation to Eni were 28.09 billion cubic meters (27.99 billion in 2016), which represents the 36% of the total.
Eni holds a 50% interest in the Blue Stream underwater pipeline (with a record water depth of more than 2,150 meters) linking the Russian coast to the Turkish coast of the Black Sea. This pipeline is 774-kilometer long on two lines and has transport capacity of 16 bcm/y. It is part of a joint venture to sell gas produced in Russia on the Turkish market. These assets generate a steady operating profit thanks to the sale of transport rights on a long-term basis.
Refining & Marketing
Eni operates in Russia in the retail market (oil and non-oil) and in the wholesale (lubricants) through its subsidiary Eni Nefto, with an organizational structure that has 32 people.
The company has a service station in Moscow that is managed directly and employs about 20 workers. The station is located on the main route that connects Sheremetyevo Airport to the city center on a long-term concession by the City; the service station has a high paid oil and has a large shop, a bar and a wash.
The station, opened in 1991, was the first foreign brand operated in the former Soviet Union.
The retail activity is accompanied by the sale of Eni’s branded lubricants in the Russian wholesale market. Total sales in 2017 amounted to approximately 14 ktonnes, of which 86% generated in the network.
Offices & contacts
Bolshoy Levshinsky pereulok 10, bld.1
Tel. +7 (495) 916 5353/55
Fax +7 (495) 916 5350/51
Exploration & Production
LLC “Eni Energhia”
Bolshoy Levshinskiy pereulok 10/1
Tel +7 (495) 916 5314
Fax +7 (495) 916 5317
Gas & Power
Blue Stream Pipeline Co BV
c/o Eni International BV
Amsterdam, 1077 XX
Phone: 31 20 570 7133
Fax: 31 20 570 7182
Refining & Marketing
Leningradskoje Shosse, 63
Tel. +7 (495) 234 1921
Fax +7 (499) 457 2694