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

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

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.

The Brazilian company expands its African footprint with a new offshore exploration stake, partnering with Shell and Galp to develop São Tomé and Príncipe’s Block 4.
A drone attack on a Bachneft oil facility in Ufa sparked a fire with no casualties, temporarily disrupting activity at one of Russia’s largest refineries.
The divide between the United States and the European Union over regulations on Russian oil exports to India is causing a drop in scheduled deliveries, as negotiation margins tighten between buyers and sellers.
Against market expectations, US commercial crude reserves surged due to a sharp drop in exports, only slightly affecting international prices.
Russia plans to ship 2.1 million barrels per day from its western ports in September, revising exports upward amid lower domestic demand following drone attacks on key refineries.
QatarEnergy obtained a 35% stake in the Nzombo block, located in deep waters off Congo, under a production sharing contract signed with the Congolese government.
Phillips 66 acquires Cenovus Energy’s remaining 50% in WRB Refining, strengthening its US market position with two major sites totalling 495,000 barrels per day.
Nigeria’s two main oil unions have halted loadings at the Dangote refinery, contesting the rollout of a private logistics fleet that could reshape the sector’s balance.
Reconnaissance Energy Africa Ltd. enters Gabonese offshore with a strategic contract on the Ngulu block, expanding its portfolio with immediate production potential and long-term development opportunities.
BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.
Vantage Drilling has finalised a major commercial agreement for the deployment of the Platinum Explorer, with a 260-day offshore mission starting in Q1 2026.
Permex Petroleum has signed a non-binding memorandum of understanding with Chisos Ltd. for potential funding of up to $25mn to develop its oil assets in the Permian Basin.
OPEC+ begins a new phase of gradual production increases, starting to lift 1.65 million barrels/day of voluntary cuts after the early conclusion of a 2.2 million barrels/day phaseout.
Imperial Petroleum expanded its fleet to 19 vessels in the second quarter of 2025, while reporting a decline in revenue due to lower rates in the maritime oil market.
Eight OPEC+ members will meet to adjust their quotas as forecasts point to a global surplus of 3 million barrels per day by year-end.
Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.
A key station on the Stalnoy Kon pipeline, essential for transporting petroleum products between Belarus and Russia, was targeted in a drone strike carried out by Ukrainian forces in Bryansk Oblast.
SOMO is negotiating with ExxonMobil to secure storage and refining access in Singapore, aiming to strengthen Iraq’s position in expanding Asian markets.
The European Union’s new import standard forces the United Kingdom to make major adjustments to its oil and gas exports, impacting competitiveness and trade flows between the two markets.
The United Kingdom is set to replace the Energy Profits Levy with a new fiscal mechanism, caught between fairness and simplicity, as the British Continental Shelf continues to decline.

Log in to read this article

You'll also have access to a selection of our best content.