During 2013 to date, Gazprom has supplied the Italian market with 76 percent more natural gas than the same period last year.
Italy is the third largest gas importer of Russian natural gas, following Germany and Turkey.
In 2012, Gazprom supplied Italy with 15.1 billion cubic meters of natural gas.
In 2006 Gazprom and Eni entered into the Strategic Partnership Agreement. Under the Agreement, Gazprom began to directly supply the Italian market with natural gas in the amount of up to 3 billion cubic meters a year and was entitled to acquire stakes in Eni’s international assets.
Italy is the terminal point of the South Stream gas pipeline. Gazprom is constructing the gas pipeline across the Black Sea to Southern and Central Europe for a purpose to diversify the natural gas export routes.
South Stream is designed for maximum annual throughput of 63 billion cubic meters.
The first supplies via the gas pipeline are scheduled for late 2015.