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Eni extends Algeria gas contract until 2027

May 19, 2019
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Eni and Algeria’s Sonatrach agreed to renew the gas supply contract to import Algerian gas into Italy until 2027, the Italian oil and gas producer said.

The agreement, which defines the transportation arrangements through the pipeline crossing the Mediterranean Sea, also allows for a two-year extension.

"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,” said Eni's Ceo, Claudio Descalzi.

This agreement covers almost 15 per cent of the gas imported into Italy and follows 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.

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