Eni Renegotiating 30% of Gas Contracts This Year, 40% in 2013
Stock Chart for Eni SpA (ENI)
Eni SpA (ENI), Italy’s largest utility, is renegotiating 30 percent of its natural gas contracts with suppliers this year and a further 40 percent in 2013, according to Chief Financial Officer Alessandro Bernini.
The company’s aim of improving operating profit compared with 2011 relies a lot on the result of its renegotiations with OAO Gazprom, he said on a conference call with investors following the release of earnings today.
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