OREANDA-NEWS. As part of the Agreement, Eni and Sonatrach will reduce certain quantities of the contractual gas volumes delivered into Italy.

San Donato Milanese (Milan), 28 May 2013 - Eni and Sonatrach have agreed on a package solution for 2013 and 2014 within the framework of their commercial discussions under the existing gas contract.

As part of the Agreement, Eni and Sonatrach will reduce certain quantities of the contractual gas volumes delivered into Italy.

This agreement is part of the renegotiations program started in the recent months, and contributes to the announced objectives of profitability and cash generation.