Eni and Sonatrach recently renewed the gas supply contract to import Algerian gas into Italy until 2027. The agreement also includes two optional years which would include transportation arrangements through 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.
Commenting on the development, Eni’s Ceo, Claudio Descalzi said: “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”.
Meanwhile, the agreement covers almost 15 per cent of the gas imported into Italy.