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Gazprom’s supplies to Italy increase by 36.5 per cent in November

December 5, 2016, 19:40

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Claudio Descalzi, Chief Executive Officer of Eni, took place in St. Petersburg today.

The parties addressed bilateral cooperation in the gas sector, focusing in particular on Russian gas supplies. It was noted that between November 1 and 30, 2016, Gazprom’s gas exports to Italy had risen by 36.5 per cent versus November 2015. Based on the results of 11 months of 2016, Italy is the second largest importer of Russian natural gas among all foreign countries.

The parties also scrutinized possible infrastructure solutions for supplying Russian gas to Europe, particularly Italy, via a southern route.

Background

Eni S.p.A. is a global energy company operating in the oil, gas, petrochemical and engineering industries, producing and selling electricity, and providing oil field services. Eni is Gazprom's major partner within the Blue Stream project.

In 2015, Gazprom’s exports to Italy totaled 24.4 billion cubic meters of gas, increasing by 12.6 per cent versus 2014.

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