Support The Moscow Times!

Eni Unhappy With Gas Deals

Italian oil and gas company Eni wants to pull out of the take-or-pay clauses of gas supply contracts, chief executive Paolo Scaroni said, Interfax reported Monday, citing Italian newspaper Repubblica.

Eni's gas suppliers include natural gas giant Gazprom.

Scaroni said that from 2009 through 2011, Eni paid suppliers about 1.5 billion euros per year for gas it did not take under take-or-pay contracts. The company might not renew expiring take-or-pay contracts and could try to find a solution for those that remain in force because they have become too expensive, Scaroni added.


Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.