Continental Focus, International Reach

ENI and Sonatrach Sign MoU

Sunday, April 28, 2019

ENI and Sonatrach have signed a new MoU regarding natural gas. The new chairman of Sonatrach, Rachid Hachichi, and ENI CEO Claudio Descalzi, signed a 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 sets the basis of a new contractual framework taking into account the changes in the market conditions.


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