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Bloomberg: Eni Is Seeking More Energy Agreements With Russia’s Gazprom

By Armorel Kenna and Adam L. Freeman

June 20 (Bloomberg) — Eni SpA Chief Executive Officer Paolo Scaroni said Italy’s biggest energy business will seek more agreements with OAO Gazprom, the world’s No. 1 natural-gas company.

“It’s obvious,” Scaroni said today in Rome on the sidelines of a conference that Gazprom Chairman Dmitry Medvedev is also attending. Italian Industry Minister Pierluigi Bersani said today that the governments of the two countries were also negotiating non-energy cooperation agreements.

Eni and Gazprom agreed on Nov. 14 to jointly develop oil and gas fields in Russia in return for Gazprom getting the right to sell gas directly to Italian consumers.

Scaroni also said that today’s strike in Nigeria had “no impact” on production, while the company’s Ogbainbiri site is still occupied by militants.

Eni yesterday declared force majeure at the Nigerian flow station after the facility was attacked by gunmen on June 17. Eni has an equity share equivalent to 5,500 barrels a day of a total production of about 37,000 at the facility.

Force majeure is a legal clause allowing companies to default on commitments due to circumstances beyond their control.

To contact the reporter on this story: Armorel Kenna in Milan at [email protected]
Last Updated: June 20, 2007 09:48 EDT

 

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