popular articles

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.
Sécurité Énergétique Italo-Suisse

Please share:

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.

Register free of charge for uninterrupted access.

Publicite

Recently published in

After two record years of mergers and acquisitions in the oil and gas sector, upstream M&A activity is expected to slow down in 2025. Despite a deal pipeline valued at $150 billion, geopolitical tensions and restrictive fiscal policies are limiting new opportunities.
Tullow Petroleum is focusing on reducing its debt after the cancellation of its merger project with Kosmos Energy. The company is exploring options to lighten its balance sheet and concentrate on its strategic activities.
Tullow Petroleum is focusing on reducing its debt after the cancellation of its merger project with Kosmos Energy. The company is exploring options to lighten its balance sheet and concentrate on its strategic activities.
The visit of a U.S. envoy to Nicolás Maduro paves the way for potential discussions on the future of oil sanctions. Between geopolitical stakes and commercial interests, the United States is looking to redefine its approach toward Venezuela.
The visit of a U.S. envoy to Nicolás Maduro paves the way for potential discussions on the future of oil sanctions. Between geopolitical stakes and commercial interests, the United States is looking to redefine its approach toward Venezuela.
Saudi Aramco plans to raise its official selling prices (OSP) in March, driven by China’s economic recovery and the redirection of Russian oil flows. Asian refiners are adapting to these new dynamics, influencing premiums on Middle Eastern crude.
Saudi Aramco plans to raise its official selling prices (OSP) in March, driven by China’s economic recovery and the redirection of Russian oil flows. Asian refiners are adapting to these new dynamics, influencing premiums on Middle Eastern crude.
Ukraine has claimed drone strikes on Russian energy infrastructure, affecting strategic facilities of Gazprom and other players. These attacks raise questions about supply and market stability in the region.
Ecopetrol Permian LLC and Occidental Petroleum Corp (Oxy) extend their agreement on the development of the Permian Basin, planning to drill 34 additional wells between April 2025 and June 2026. This extension aligns with the investment and expansion strategy of both companies.
Ecopetrol Permian LLC and Occidental Petroleum Corp (Oxy) extend their agreement on the development of the Permian Basin, planning to drill 34 additional wells between April 2025 and June 2026. This extension aligns with the investment and expansion strategy of both companies.
After a record year with nearly $800 million invested in 2024, U.S. Energy Development Corporation announces an investment program of up to $1 billion in 2025, with a focus on the Permian Basin.
After a record year with nearly $800 million invested in 2024, U.S. Energy Development Corporation announces an investment program of up to $1 billion in 2025, with a focus on the Permian Basin.
The U.S. Senate confirms Doug Burgum, governor of North Dakota, for the management of federal lands and national parks under the Trump administration, reinforcing the strategy of hydrocarbon production in the United States.
The U.S. Senate confirms Doug Burgum, governor of North Dakota, for the management of federal lands and national parks under the Trump administration, reinforcing the strategy of hydrocarbon production in the United States.
TotalEnergies implements IFS Cloud to transform its global asset management, integrating maintenance and monitoring on a single platform.
Chevron reports mixed Q4 2024 results: increased production and rising revenue partially offset declining refining margins.
Chevron reports mixed Q4 2024 results: increased production and rising revenue partially offset declining refining margins.
ExxonMobil records a net profit of $7.61 billion in 4Q, surpassing consensus estimates, while Chevron reports results affected by declining refining margins.
ExxonMobil records a net profit of $7.61 billion in 4Q, surpassing consensus estimates, while Chevron reports results affected by declining refining margins.
Trafigura, the major commodities trading giant, has been convicted by the Swiss Federal Criminal Court for corrupting a foreign public official in Angola, marking a precedent in the commodities sector.
Trafigura, the major commodities trading giant, has been convicted by the Swiss Federal Criminal Court for corrupting a foreign public official in Angola, marking a precedent in the commodities sector.
Shell Canada exchanges its remaining 10% stake in the Albian mines for an additional 10% interest in the Scotford upgrader and Quest carbon capture and storage (CCS) facility, focusing on refining and carbon capture projects while exiting oil sands operations.
Shell announces a 17% drop in profits for 2024, impacted by the decline in margins, oil, and gas prices, as well as asset impairments.
Shell announces a 17% drop in profits for 2024, impacted by the decline in margins, oil, and gas prices, as well as asset impairments.
The administrative court of Melun ordered the prefecture to regularize the order authorizing oil drilling at the Nonville concession, deemed illegal on several points, awaiting a final decision in ten months.
The administrative court of Melun ordered the prefecture to regularize the order authorizing oil drilling at the Nonville concession, deemed illegal on several points, awaiting a final decision in ten months.
The imminent prospect of U.S. tariffs on imports from Canada and Mexico is causing concern in oil markets. Combined with an unexpected rise in crude stocks in the U.S., this announcement is impacting global oil prices.
The imminent prospect of U.S. tariffs on imports from Canada and Mexico is causing concern in oil markets. Combined with an unexpected rise in crude stocks in the U.S., this announcement is impacting global oil prices.
After over a decade of restrictions, the European Union is beginning a gradual and conditional lifting of sanctions on Syria’s oil, gas, and financial sectors. A strategic move to support the country's reconstruction after the fall of the Assad regime.
Kazakhstan begins shale oil production in 2025, marking a new step in its economic strategy amidst growth challenges and energy dependency.
Kazakhstan begins shale oil production in 2025, marking a new step in its economic strategy amidst growth challenges and energy dependency.
Negotiations between the Kurdistan Regional Government and Baghdad officially focus on salary payments. Meanwhile, the Iraq-BP agreement to increase production in Kirkuk fuels speculation about a possible resumption of oil exports.
Negotiations between the Kurdistan Regional Government and Baghdad officially focus on salary payments. Meanwhile, the Iraq-BP agreement to increase production in Kirkuk fuels speculation about a possible resumption of oil exports.
A tanker truck accident in Enugu, southeastern Nigeria, claimed the lives of 18 people, marking another tragedy in a series of incidents involving the transport of fuel in the country.
A tanker truck accident in Enugu, southeastern Nigeria, claimed the lives of 18 people, marking another tragedy in a series of incidents involving the transport of fuel in the country.
The Sudanese army and the paramilitary Rapid Support Forces (RSF) have accused each other of setting fire to a major oil refinery near Khartoum, escalating tensions in a conflict that has been ongoing for several months.
Donald Trump's announcement to boost oil production to combat inflation and fill U.S. strategic reserves barely moves markets, as Brent prices continue their recent decline.
Donald Trump's announcement to boost oil production to combat inflation and fill U.S. strategic reserves barely moves markets, as Brent prices continue their recent decline.
A persistent oil spill in the Niger Delta, attributed to acts of sabotage, raises major concerns for Nigeria's oil industry, highlighting the sector's security and environmental challenges.
A persistent oil spill in the Niger Delta, attributed to acts of sabotage, raises major concerns for Nigeria's oil industry, highlighting the sector's security and environmental challenges.
In Nigeria, an overturned tanker exploded as a crowd attempted to collect fuel. Local authorities report at least 70 deaths in a context marked by rising gasoline prices and economic hardship.
In Nigeria, an overturned tanker exploded as a crowd attempted to collect fuel. Local authorities report at least 70 deaths in a context marked by rising gasoline prices and economic hardship.

Advertising