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Eni & Sonatrach Strengthen Their Relationship by Extending Gas Supply Contract Until 2027

Source: www.gulfoilandgas.com 5/17/2019, Location: Africa

Eni and Sonatrach have signed agreements to renew the gas supply contract to import Algerian gas into Italy until 2027 (plus two further optional years) also defining the transportation arrangements through the pipeline crossing the Mediterranean Sea. These agreements follow in the steps of a partnership on gas supply and transportation that was established more than 40 years ago, encompassing major pipeline projects and many decades of successful supply to Italy.

Eni's Ceo, Claudio Descalzi, commented: 'I am particularly pleased with the renewal of the gas supply contract and the level of the strategic partnership with Sonatrach which spans from the exploration and production sector, to gas marketing and transportation, to renewables'.

The agreement covers almost 15% of the gas imported into Italy.

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