Eni and Sonatrach, the Algerian Oil & Gas National company, reached an agreement for commercial terms in accordance with the relevant gas market to supply Gas to Italy. This agreement that was reached within the Framework Agreement signed by Eni and Sonatrach on 25 November 2016, demonstrates a strong cooperation between the two companies and strengthens their partnership.
Eni’s Ceo, Claudio Descalzi, commented: “I am particularly pleased with the closing of the renegotiation on gas supply contract and the level of the strategic partnership with Sonatrach, which also involves the exploration and production sector and the recent new agreement on renewables. Today’s agreement covers almost 20% of the gas imported into Italy and is another step in Eni’s adjustment of its long-term gas supply contracts”.