Italy

Italy is one of key export markets for Gazprom Group. In 2019, natural gas supply to Italy amounted to 22.1 bcm under all contracts. The country has become the second largest buyer or Russian gas, following Germany. More than 679.7 bcm has been supplied to Italy since 1974.

Gazprom Group’s main partner in the Italian market is ENI S.p.A.ENI S.p.A., which is the largest Italian oil and gas company headquartered in Rome, was established in 1953 . Its main production regions are Egypt, North Africa, Sub-Saharan Africa, UAE, Kazakhstan, Europe and Mexico, and its main sales market are Italy and other European countries. ENI operates in more than 80 countries. Eni Gas & Power S.p.А. carries out gas purchase and trading. The first agreement on the long-term gas supply from Russia to Italy was signed in December 1969. The first gas pipeline that connected the two countries was put into operation in 1974., founded in 1953. Gazprom Group supplies natural gas under three long-term contracts with ENI.

In addition, Russian gas is delivered to Italy through Gazprom’s subsidiary Gazprom Italia S.p.A.Gazprom Italia S.p.A. was established in June 1993 by Gazprom and ENI on a parity basis and initially named Promgaz S.p.A. Gazprom purchased ENI’s stake in late 2011, and the company was renamed into Gazprom Italia on January 25, 2018.

Russian gas is also exported to other companies operating in the Italian market: Sinergie Italiane S.r.l. in liquidazione, Axpo Solutions AG, VIVIgas S.p.A.