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ENEL Enel Spa

6.242
0.061 (0.99%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Enel Spa BIT:ENEL Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.061 0.99% 6.242 6.24 6.236 6.297 6.197 6.20 33,052,369 02:01:09

Eni Says SeverEnergia Starts Producing Gas In Western Siberia

20/04/2012 11:53am

Dow Jones News


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Eni SpA (E), Italy's biggest energy company by market value, said Friday the SeverEnergia joint venture began producing natural gas in Western Siberia as oil majors tap into the hydrocarbon-rich Russian market.

SeverEnergia is a venture between Eni, which has a 30% holding, Enel SpA (ENEL.MI), which owns a 19% stake, and Russia's OAO Gazprom Neft (SIBN.RS) and OAO Novatek (NVTK.RS), each with a 25.5% stake.

The initial gas and liquids production at the Samburskoye field in the Western Siberian district of Yamal-Nenets is 43,000 barrels of oil equivalent a day, Eni said.

The gas produced will be sold to Gazprom, while Eni will retain the buy-back and marketing rights on the Russian domestic market, it said.

The condensates will be destined for foreign markets.

-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

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