Agreement with Gasterra

Source Press Release
Company ENI S.p.A. 
Tags Strategy - Corporate
Date September 01, 2016

Eni refers to its press release of 20 July 2016 relating to the arbitration proceedings with GasTerra and the provisional measures initiated by GasTerra, i.e. the provisional seizure of amongst others Eni's participation in Eni International BV, for the amount of the payment requested (equal to EUR 1.01 billion). In accordance with an agreement between Eni and GasTerra on the basis of which Eni provided alternative security to GasTerra by means of a bank guarantee, GasTerra has now lifted the provisional seizures.

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