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Eni agrees to extend Algeria gas contract until 2027

Gasoil News - Published on Mon, 20 May 2019

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Reuters citing, Italian oil and gas group Eni, as saying that it had strengthened its ties with Algeria's Sonatrach by renewing a contract to import Algerian gas into Italy until 2027. Eni, which has a series of exploration and production assets in Algeria, said the agreement with Sonatrach also included an option to extend the contract deadline by a further two years. The agreement covers almost 15% of gas imported into Italy.

Eni CEO Claudio Descalzi said that "I am particularly pleased with the renewal of the gas supply contract and the level of the strategic partnership with Sonatrach."

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Posted By : Rabi Wangkhem on Mon, 20 May 2019
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