Gazprom and Eni sign Addendum to contracts for natural gas supply to Italy
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni took place today within the St. Petersburg International Economic Forum 2014.
At the meeting the parties signed an Addendum to the existing contracts for natural gas supply to Italy. The document provides for amending the Sales and Purchase Agreement for the Russian 'blue fuel' supply to the Italian company.
Italy is the second largest importer of Russian gas to the EU after Germany. In 2013 the volume of Gazprom's supplies to Italy made up 25.3 billion cubic meters of gas.
Eni is a world leader of the petroleum industry operating in 85 countries. This Rome-based global integrated company is represented in oil and gas sectors, power generation and sales, petrochemistry, service and engineering support to oil fields.
In 2006 Gazprom and Eni signed the Strategic Partnership Agreement. Under the Agreement Gazprom started to supply up to 3 billion cubic meters of gas per year directly to Italian market, and was also enabled to acquire Eni's stakes abroad.
Eni holds a 15 per cent stake in South Stream Transport, a joint project company focused on the construction of South Stream's offshore section.