Eni and Sonatrach reach agreement on gas contract

gas plant eni-mailsparky sxc optEni and Sonatrach will reduce specified quantities of the contractual gas volumes delivered into Italy. (Image source: mailsparky/sxc.hu)Italian energy company Eni and Algerian state-owned energy group Sonatrach have agreed on a package solution within the framework of their discussions under the existing gas contract for 2013 and 2014

As part of the agreement, Eni and Sonatrach will reduce specified quantities of the contractual gas volumes delivered into Italy.

Eni said, “This agreement is part of the renegotiations programme started in recent months, and contributes to the announced objectives of profitability and cash generation.”

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