The transaction makes it possible to enhance the respective skills of Eni and Snam in the procurement of natural gas in Italy.

The acquisition by Snam of the stakes held by Eni in the companies that manage the two groups of international gas pipelines linking Algeria to Italy, in particular the onshore gas pipelines which extend from the border between Algeria and Tunisia to the Tunisian coast and the offshore pipelines linking the Tunisian coast to Italy.

The transaction makes it possible to enhance the respective skills of Eni and Snam on a strategic route for the security of natural gas supplies in Italy, favoring potential development initiatives in the hydrogen value chain also thanks to the natural resources of North Africa.