Eni and Gazprom reach agreement on gas supply contracts

Offshore staff

MOSCOW – Gazprom and Eni have agreed to adjust the terms and conditions for Russian natural gas supplies to Italy.

Paolo Scaroni, CEO of Eni, and Alexey Miller, chairman of the Gazprom Management Committee met to discuss the progress of the detailed action plan stipulating the South Stream gas pipeline construction. The parties confirmed the intention to make the final investment decision of the project this November, and to start construction operations in December 2012.

Gazprom has a 50% stake in the South Stream offshore project, with Eni holding 20%, and Wintershall and EDF 15% each.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...