Eni and SONATRACH sign MoU for long term gas supply and transportation

  • Apr 25, 2019
  • Oil and Gas Press

The Chairman and Chief Executive Officer of the Algerian state company SONATRACH, Rachid Hachichi, and the Chief Executive Officer of Eni, Claudio Descalzi, signed a Memorandum of Understanding (MoU) to confirm their willingness to come soon to the renewal of the gas supply contract and the transportation arrangements through the pipeline crossing the Mediterranean Sea for the forthcoming years.

This MoU represents a further step towards the strengthening of the long term relationship between the two companies and set the basis of a new contractual framework taking into account the changes in the market conditions.

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The Chairman and Chief Executive Officer of the Algerian state company SONATRACH, Rachid Hachichi, and the Chief Executive Officer of Eni, Claudio Descalzi, signed a Memorandum of Understanding (MoU) to confirm their willingness to come soon to the renewal of the gas supply contract and the transportation arrangements through the pipeline crossing the Mediterranean Sea for the forthcoming years.

This MoU represents a further step towards the strengthening of the long term relationship between the two companies and set the basis of a new contractual framework taking into account the changes in the market conditions.

Please email us your industry related news for publication [email protected]

Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook