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Eni, Enel Gazprom sign Arctic Gas pact


Published Oct 31, 2008
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Kremlin

The heads of Italian oil company Eni, Italy’s gas utility Enel and Russian gas giant Gazprom have met in Rome partner up on developing old Arctic Gas and Urengoil assets once owned by YukosSibneft.

Eni and Enel had long ago bought up Urengoil, but Gazprom had since acquired a stake. But a new partership is expected to be rolled out for the company’s Russian dealings when Russian president Dimitrij Medvedev meets Italian Prime Minister Silvio Berlusconi on 6 November 2008.

Eni chief exec Paolo Scaroni and his Enel and Gazprom counterparts Fulvio Conti and Alexey Miller on Thursday agreed to let Gazprom take up an equity stake in Severenergia in-line with a 2006 agreement.

Urengoil had been an oil and gas exploration and production company owned by YukosSibneft Oil Co. before bought up by an Eni-Enel business four years ago in a $4 billion deal.

Tags: Eni Norge AS, Gazprom




   

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