In 2012, shipments of "Gazprom" to Italy amounted to 15.1 billion cubic meters of gas.
In St. Petersburg hosted a working meeting between the Chairman of the Board of JSC "Gazprom" Alexey Miller, the general manager of ENI, Paolo Scaroni.
The parties discussed the issues of bilateral cooperation in the energy sphere. Special attention was paid to the supply of Russian gas to Italy through existing long-term contracts.
The negotiators also discussed issues of cooperation between the parties on the project "Blue Stream" and the progress of the project "South Stream". It was noted that the project is on schedule.
Italy is the second largest importer of Russian gas to the EU after Germany.
In November 2006, "Gazprom" and ENI signed a strategic partnership agreement, under which up to 2035 had extended the existing contracts for Russian gas. In accordance with "Gazprom" was carried out on the Italian market directly supply gas up to 3 billion cubic meters. m per year, and also got the opportunity to acquire shares of ENI assets abroad.
In order to diversify export routes of natural gas OAO "Gazprom" is constructing a gas pipeline across the Black Sea to the countries of Southern and Central Europe — the "South Stream". The design capacity of the offshore section of the pipeline will be 63 billion cubic meters. m per year.
In order to implement the onshore part of the project with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria signed intergovernmental agreements.
September 16, 2011 signed a shareholders' agreement of South Stream Transport AG for the offshore section of the project, according to which the share of OJSC "Gazprom" in the offshore gas pipeline project is 50%, the Italian ENI — 20% of the German company Wintershall Holding GmbH and the French EDF — 15%.
In III quarter 2011 was finalized consolidated feasibility study "South Stream", which brought together a feasibility study for the offshore section and feasibility study for construction of national gas pipelines in host countries of Southern and Central Europe.
December 7, 2012 was the start of construction of the gas pipeline "South Stream". The first deliveries of the gas pipeline is scheduled for late 2015.