Reorganization of the Gas & Power Segment

Source Company Press Release
Company ENI S.p.A.
Tags Corporate: Overview/Strategy, Country: Italy, Segment: Power
Date July 01, 2013

Following the reorganization of Eni’s Gas & Power activities, approved by the Company's Board of Directors, the Business Unit Optimization & Trading will be renamed Business Unit Midstream and a new Business Unit Downstream Gas & Power has been created.

The Business Unit Downstream Gas & Power, of which Eni’s Chief Executive Officer, Paolo Scaroni, has been appointed interim head, will be responsible for the development in Italy and abroad of commercial retail and mid gas & power as well as the generation of electricity power.

The Business Unit Midstream, headed by Marco Alverà, will oversee commodity trading activities, supply and oil & gas portfolio optimization, sales on wholesale gas & power markets, midstream LNG commercial activities and commodities transport.

Following the reorganization, the Gas & Power Division activities will merge into the Business Units mentioned above.

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