Eni and Sonatrach to Renew Algeria Gas-Supply Agreement
April 25 2019 - 8:11AM
Dow Jones News
By Nathan Allen
Eni SpA (ENI.MI) said Thursday that it has signed a preliminary
agreement with Algeria's state oil company Sonatrach to renew their
long-term gas-supply arrangement.
Under the agreement Sonatrach supplies natural gas to the
Italian energy company, which transports it via a pipeline across
the Mediterranean to be sold in European markets.
Eni said the agreement sets the basis for a new contractual
framework that takes into account changes in underlying market
conditions.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 25, 2019 07:56 ET (11:56 GMT)
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