Eni Agrees to Extend Algeria Gas Deal to at Least 2027

published:19/05/2019 04:14 GMT

Italian oil and gas group Eni said on Thursday it had strengthened its ties with Algeria's Sonatrach by renewing a contract to import Algerian gas into Italy until 2027. Eni, which has a series of exploration and production assets in Algeria, said the agreement with Sonatrach also included an option to extend the contract deadline by a further two years. The agreement covers almost 15% of gas imported into Italy, Eni said. "I am particularly pleased with the renewal of the gas supply contract...More