Eni and OpenEP: A Strategic Agreement for Italian-Swiss Gas Security

The agreement between Eni and OpenEP, aimed at securing gas supplies to Switzerland and Italy in a tense energy context.

Share:

Sécurité Énergétique Italo-Suisse

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The recent collaboration between Eni and Swiss group Open Energy Platform (OpenEP) marks a turning point in securing gas supplies for Italy and Switzerland. The agreement, which comes into force on December 2, 2023 and remains valid until September 30, 2024, ensures efficient use of the Swiss Transitgas transmission infrastructure for gas flows from France via Switzerland to Italy. It also guarantees the security of Switzerland’s gas supply.

The current energy crisis

Italy, which imported 95% of its gas before the war in Ukraine, including 40% from Russia, has seen this proportion fall to less than 5% this year, following the diversification of suppliers initiated by the Draghi government and continued by Giorgia Meloni. Eni underlines the value of gas as a reliable source to support the energy transition, despite the difficult international situation.

Italian-Swiss cooperation

The agreement reflects the two nations’ commitment to strengthening their cooperation, in line with a joint declaration on energy security signed in July. The Swiss authorities undertake not to take any restrictive measures regarding Eni’s rights to gas transmission capacity through Switzerland. This represents a significant step towards ensuring regional energy stability.

Perspectives and implications

This agreement between Eni and OpenEP is an example of a proactive response to the global energy crisis. By guaranteeing gas supplies, especially in the event of major disruptions, it highlights the importance of international cooperation and diversification of energy sources. This partnership can serve as a model for other countries seeking to secure their energy supply in an uncertain global context.

The collaboration between Eni and OpenEP is part of a wider drive to achieve stability and sustainability in the energy sector. It represents not only an important milestone for Italy and Switzerland, but also a strong signal to Europe and the rest of the world of the need to strengthen alliances and cooperation in the face of current and future energy challenges.

Deliveries of energy petroleum products fell by 4.5% in November, driven down by a sharp decline in diesel, while jet fuel continues its growth beyond pre-pandemic levels.
ReconAfrica is finalising preparations to test the Kavango West 1X well in Namibia, while expanding its portfolio in Angola and Gabon to strengthen its presence in sub-Saharan Africa.
Shell has reopened a divestment process for its 37.5% stake in Germany's PCK Schwedt refinery, reviving negotiations disrupted by the Russia-Ukraine conflict and Western sanctions.
Aliko Dangote accuses Nigeria’s oil regulator of threatening local refineries by enabling refined fuel imports, while calling for a corruption probe against its director.
Shell Offshore approves a strategic investment to extend the life of the Kaikias field through a waterflood operation, with first injection planned for 2028 from the Ursa platform.
Oil prices drop amid progress in Ukraine talks and expectations of oversupply, pushing West Texas Intermediate below $55 for the first time in nearly five years.
The US energy group plans to allocate $1.3bn to growth and $1.1bn to asset maintenance, with a specific focus on natural gas liquids and refining projects.
Venezuelan state oil group PDVSA claims it was targeted by a cyberattack attributed to foreign interests, with no impact on main operations, amid rising tensions with the United States.
BUTEC has finalised the financing of a 50 MW emergency power project in Burkina Faso, structured under a BOOT contract and backed by Banque Centrale Populaire Group.
BW Energy has signed a long-term lease agreement with Minsheng Financial Leasing for its Maromba B platform, covering $274mn of the project’s CAPEX, with no payments due before first oil.
Shell will restart offshore exploration on Namibia’s PEL 39 block in April 2026 with a five-well drilling programme targeting previously discovered zones, despite a recent $400mn impairment.
Iranian authorities intercepted a vessel suspected of fuel smuggling off the coast of the Gulf of Oman, with 18 South Asian crew members on board, according to official sources.
Harbour Energy will acquire Waldorf Energy Partners’ North Sea assets for $170mn, increasing its stakes in the Catcher and Kraken fields, while Capricorn Energy settles part of its claims.
The Big Beautiful Gulf 1 sale attracted more than $300mn in investments, with a focused strategy led by BP, Chevron and Woodside on high-yield blocks.
The United States intercepted an oil tanker loaded with Venezuelan crude and imposed new sanctions on maritime entities, increasing pressure on Nicolas Maduro’s regime and its commercial networks in the Caribbean.
OPEC expects crude demand from its members to reach 43 million barrels per day in 2026, nearly matching current OPEC+ output, contrasting with oversupply forecasts from other institutions.
The United States seized a vessel suspected of transporting sanctioned oil from Iran and Venezuela, prompting a strong reaction from Nicolás Maduro's government.
The International Energy Agency lowers its global oil supply forecast for 2026 while slightly raising demand growth expectations amid improved macroeconomic conditions.
South Sudanese authorities have been granted responsibility for securing the strategic Heglig oilfield following an agreement with both warring parties in Sudan.
TotalEnergies acquires a 40% operated interest in the offshore PEL83 license, marking a strategic move in Namibia with the Mopane oil field, while Galp secures stakes in two other promising blocks.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.