Eni Launches Access to Unused Import Capacity on International Pipelines

Eni announced the launch of a new offering for national and international gas market operators willing to access unused import capacity on international gas pipelines, reads a note released on Thursday.

The Italy-based company said this new “solution” is meant to “contribute significantly to the development of a more liquid, efficient and transparent Italian market.”

“Eni will offer the 'Flexible access to European gas' solution: in view of payment of a limited initial fixed cost, the subscriber of the product will be able to choose each month whether or not to purchase the transport capacity at the cost paid by Eni, paying for the service only when it decides to use it,” reads the note.

According to the company, this opportunity would encourage operators to trade gas on the Italian virtual trading point, contributing to optimize operators’ gas asset portfolios.

The company is trying to increase its offer to maintain and increase its sway. Also on Thursday, Eni’s CEO Paolo Scaroni met Nicos Anastasiades, President of the Republic of Cyprus.

Eni is a major integrated energy company and the 17th largest corporation in the world, according to the 2012 ranking by CNN Money.