The Chairman and Chief Executive Officer of the Algerian state company SONATRACH, Rachid Hachichi, and the Chief Executive Officer of Eni, Claudio Descalzi, signed a Memorandum of Understanding (MoU) to confirm their willingness to come soon to the renewal of the gas supply contract and the transportation arrangements through the pipeline crossing the Mediterranean Sea for the forthcoming years.
This MoU represents a further step towards the strengthening of the long-term relationship between the two companies and set the basis of a new contractual framework taking into account the changes in the market conditions.