Posted By Global Banking and Finance Review
Posted on May 12, 2025
MILAN (Reuters) -Eni delivered gas last year from Russia to Turkey, documents posted on the Italian energy group's website showed on Monday, confirming the company was still dealing in Russian gas despite suspending supplies within Europe.
In a written response to a question from a shareholder ahead of Eni's AGM on Wednesday, the company said that Algeria was the group's biggest gas supplier in 2024, followed by Norway and Russia, the documents showed.
Russian gas accounted for 12% of Eni's overall gas supplies, providing 6.2 billion cubic metres that were delivered to the Turkish market through the Blue Stream pipeline, according to the written response. Eni disclosed in its annual report released last month that it had bought some Russian gas last year but the report did not disclose the end destination.
Eni stopped selling Russian gas on the European market and launched an arbitration against Russian gas giant Gazprom after Russia invaded its neighbour Ukraine in February 2022.
The European Commission is due next month to propose legal measures to phase out European Union imports of all Russian gas, including liquefied natural gas, by the end of 2027.
The EU has imposed sanctions on Russian coal and most oil imports, but not on gas due to opposition from Slovakia and Hungary, which receive Russian pipeline supplies and say switching to alternatives would hike their energy prices.
Sanctions require unanimous approval from all 27 EU countries.
(Reporting by Francesca Landini, editing by Gavin Jones and Susan Fenton)