Italian supermajor Eni has signed a renewal contract with state-owned Sonatrach for the import of Algerian gas into Italy until 2027
Eni, which has a series of exploration and production assets in Algeria, stated that this deal will strengthen its ties with Sonatrach.
The supermajor added that the agreement also included an option to extend the contract deadline by another two years.
The agreement covers almost 15 per cent of the gas imported into Italy, and also defines the transportation arrangements through the pipeline crossing the Mediterranean Sea.
Claudio Descalzi, Eni’s CEO, 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”
Sonatrach is an oil and gas company in Algeria and Africa. The company operates in exploration, production, pipeline transportation and marketing of hydrocarbons and by-products.
