Eni SpA (E) Chief Executive Paolo Scaroni met in Moscow Monday with the chairman of Russia's Gazprom (GAZP.RS), Alexei Miller, making "further progress" in the strategic partnership agreement between the two energy giants, Eni said.
In a statement, Eni said that Scaroni and Miller have agreed to sign by the end of October a new binding document relating to the development of the Artic Gas assets that Eni acquired in 2007.
In particular, "the agreement will relate to the development plan as well as the offtake and transportation of the gas from Artic Gas," Eni said.
The agreement also will enable Gazprom to enter the Libyan upstream sector, the Italian group said, adding that Eni and Gazprom "also reviewed the progress made on South Stream." The two companies are developing the South Stream pipeline project to carry Russian gas to Western European via the Balkans.