ENI, founded in 1953, is Gazprom Group’s main partner in the Italian market. The company’s corporate structure has three business units: Exploration & Production, Gas & Power, and Refining & Marketing. Gas purchases and sales are handled by ENI Gas & Power S.p.A., part of the second unit. Gazprom Group supplies natural gas under three long-term contracts with ENI.
Gas is also exported to other companies operating in the Italian market, such as Sinergie Italiane, Axpo Trading AG, ERG, and AEMME Linea Energie.
In addition, Russian gas is delivered to Italy through subsidiaries JSC Promgaz (established on a parity basis by Gazprom and ENI in June 1993; Gazprom bought out ENI’s stake in late 2011) and PremiumGaz (established in 2008 with A2A S.p.A. and Iride S.p.A).
Natural gas supply to Italy in 2014, under all contracts, came to 21.68 bcm. A total of around 562.06 bcm has been supplied to this country since 1974.
Gazprom and ENI jointly implemented the Blue Stream project within their strategic alliance based on the Agreement signed in 1998. The pipeline system is operated by a dedicated Russian-Italian company called the Blue Stream Pipeline Company. The gas pipeline’s capacity is divided between Gazprom and ENI on a 50/50 basis. In 2010, the pipeline reached its designed capacity of 16 bcm per annum.
Gazprom/Gazprom Export signed a Strategic Partnership Agreement with ENI on November 14, 2006. As a result, since April 1, 2007, Gazprom Group has also been able to supply Russian gas directly to the Italian market through the ENI company’s concession of its TAG gas pipeline capacities and gas volumes, around 3 bcm, to Gazprom Export.