Eni, Sonatrach pen gas deal

Italian energy firm Eni has signed a renegotiated gas deal with Algerian Sonatrach for the year 2016/2017.

According to Eni, which buys natural gas from Algeria, the deal has been made for commercial terms in accordance with the relevant gas market. The company did not go into details on the terms of the agreement.

The deal follows a Framework Agreement signed by Eni and Sonatrach on 25 November 2016 to boost the upstream sector and on gas supply contracts, as well as extending the partnership to new segments of the energy sector.

Eni’s CEO Claudio Descalzi said: “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.”

According to Eni, which has worked in Algeria since 1981, the agreement revealed on Tuesday covers almost 20 percent of the gas imported into Italy.

Eni’s equity production in Algeria is more than 100,000 barrels of oil equivalent per day.

 

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Beijing International Offshore Oil & Gas Exhibition (ciooe) 2019

Beijing International Offshore Oil & Gas Exhibition (ciooe), is a regular gathering in oil & gas industry…

read more >

Lebanon International Oil & Gas Summit 2019

LIOG 2019 will delve further into the opportunities that are present in Lebanon’s energy sector…

read more >

Atyrau Oil & Gas 2019

The event program is dedicated to the most topical issues of search, exploration, development of hydrocarbons…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply