The agreement involves a reduction in supply prices and an important change in the price indexation to fully align it with the market. In addition, in 2014 Eni’s ability to recover gas pre-paid under “take or pay” clauses will be significantly enhanced.
Saint Petersburg, Russia, 23-5-2014 — /EuropaWire/ — Gazprom CEO Alexey Miller and Eni CEO Claudio Descalzi have today signed an agreement to revise the terms of gas supply contracts.
The agreement involves a reduction in supply prices and an important change in the price indexation to fully align it with the market. In addition, in 2014 Eni’s ability to recover gas pre-paid under “take or pay” clauses will be significantly enhanced.
The terms apply retroactively from the start of 2014.
The agreement reached today with Gazprom is a key part of Eni’s effort to renegotiate all third-party long-term gas supply contracts, with the target of achieving a fully competitive portfolio.
Company Contacts:
Press Office: Tel. +39 02.52031875 – +39 06.59822030
Freephone for shareholders (from Italy): 800940924
Freephone for shareholders (from abroad): + 80011223456
Switchboard: +39 06.59821
ufficio.stampa@eni.com
segreteriasocietaria.azionisti@eni.com
investor.relations@eni.com
Web site: www.eni.com
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering micro, small, and…
(IN BRIEF) Bentley Motors introduced its new Compact Full Spectrum Driving Simulator, set to be…
(IN BRIEF) Kapsch TrafficCom AG has successfully divested assets not aligned with its strategic core…
(IN BRIEF) GTT and PipeChina Engineering Technology Innovation Co. Ltd (PipeChina Innovation) have signed a…
(IN BRIEF) Alfa Laval is part of the consortium Molten Salt Storage (MOSS), funded by…
(IN BRIEF) Rheinmetall has secured significant new orders for its plug-and-play heat pump solution, signaling…