Eni and SONATRACH sign Memorandum of Understanding in the field of long-term supply and transport of gas

The President and CEO of the Algerian state company SONATRACH, Rachid Hachichi, and Eni's CEO, Claudio Descalzi, signed a Memorandum of Understanding (Memorandum of Understanding) yesterday which establishes the willingness of the parties to quickly reach the renewal for the next few years of the gas supply contract and the agreements relating to transport through the pipeline that crosses the Mediterranean Sea.

The agreement represents a further step forward in strengthening historical relations between Eni and SONATRACH and lays the foundations for a new contractual arrangement that takes into account the changes in market conditions.

Eni and SONATRACH sign Memorandum of Understanding in the field of long-term supply and transport of gas

| Economics |