Algeria: Eni cuts gas imports

Eni will import less gas from Algeria this year and next as part of an ongoing renegotiation of its long-term agreement with Sonatrach. On 28 May, Eni said the two companies “had agreed on a package solution for 2013 and 2014 within the framework of their commercial discussions under the existing gas contract” and that they would “reduce certain quantities of the contractual gas volumes delivered into Italy”. According to Eni’s 2012 annual report, the company imported 14.45bcm of gas from Algeria in 2012 via pipeline and liquefied natural gas (LNG) shipments.