Russ Oil-Gas

RBC, 15.11.2006, Moscow 09:21:33. – Gazprom and ENI (Italy) extended the contracts for gas delivery to Italy that are currently in force. According to Gazprom's press office, yesterday the two giants signed a strategic partnership agreement, which also enables Gazprom to make direct gas deliveries to the Italian market starting from 2007. The Russian holding will gradually increase its annual supplies, which are expected to reach 3bn cubic meters in 2010. In line with the agreement, the parties will join efforts for gas exploration and production investment projects in Russia and third countries. The agreement also says they will cooperate in building new and updating existing gas transportation routes, including the Blue Stream, as well as in the sphere of liquefied gas.