Italy

Italy is one of the key export markets for Gazprom Group. It ranks third in supply volumes among Western European countries.

Natural gas supply to Italy in 2017, under all contracts, reached 23.8 bcm of natural gas. A total of more than  634.8 bcm has been supplied to this country since 1974.

ENI, founded in 1953, is Gazprom Group’s main partner on the Italian market. Gazprom Group supplies natural gas under three long-term contracts with ENI. Gas is also exported to other companies operating in the Italian market: Sinergie Italiane S.r.l. in liquidazione, Axpo Trading AG, ERG Power Generation S.p.A. VIVIgas S.p.A.

In addition, Russian gas is delivered to Italy through Gazprom’s subsidiaries Gazprom Italia S.p.A. (established as JSC Promgaz on a parity basis by Gazprom and ENI in June 1993; Gazprom bought out ENI’s stake in late 2011; JSC Promgaz renamed into Gazprom Italia on 28 January 2018) and PremiumGaz (established in 2008 with A2A S.p.A. and Iren Mercato S.p.A).

Gazprom and ENI jointly implemented the Blue Stream project within the strategic alliance based on the Agreement signed in 1998.

Gazprom Group is also discussing with Italian companies the opportunities to create a new route for natural gas deliveries to the south of Europe across the Black Sea. In March 2017, Gazprom and ENI signed a Memorandum of Understanding for cooperation in developing the southern corridor for Russian gas supplies to Italy. On 2 June 2017, Gazprom, DEPA of Greece and Edison of Italy signed a Cooperation Agreement aimed at establishing a southern route for Russian natural gas supplies to Europe.