Eni and SONATRACH renew gas supply contract and the transportation arrangements

Eni and SONATRACH renew gas supply contract and the transportation arrangements

MILAN, 26-Apr-2019 — /EuropaWire/ — Rachid Hachichi, Chairman and Chief Executive Officer of the Algerian state company SONATRACH and Claudio Descalzi, Chief Executive Officer of Eni confirm their willingness to come soon to the renewal of the gas supply contract and the transportation arrangements through the pipeline crossing the Mediterranean Sea for the forthcoming years.

This Memorandum of Understanding (MoU) represents a further step towards the strengthening of the long term relationship between Eni and SONATRACH and set the basis of a new contractual framework taking into account the changes in the market conditions.

SOURCE: Eni

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