* Edison EBITDA gets 250 mln euro boost from arbitration
* Follows Qatar LNG arbitration win for 450 mln euro
* Expects to conclude Algeria gas arbitration in 2013
(Recasts lead, adds details, background)
MILAN, Oct 1 Italian energy group Edison said on
Monday it had won a dispute with Eni to review the
price of its long-term gas contract from Libya, its second gas
arbitration victory in less than a month.
"The overall impact on 2012 accounts of Edison is estimated
in more than 250 million euros on EBITDA," the company said in a
In September Edison, which is owned by France's EDF
, won in arbitration a 450 million euro discount on its
liquefied natural gas (LNG) supplies from Qatar's Rasgas.
Arbitrations and renegotiations of long-term take-or-pay
contracts have become widespread across Europe's gas industry as
low spot prices on the wholesale market make existing long-term
With import prices under long-term contracts typically
indexed to rising oil prices, gas importers have booked heavy
Russia's Gazprom agreed to amend long-term supply
deals for Germany's EON in July after the utility
lost hundreds of millions of euros on contracts linked to oil
"Once again international arbiters have recognized that the
gas market has structurally changed and have imposed a sale's
price cut by the producer," Edison said.
Edison, which last year successfully challenged Russian gas
export monopoly Gazprom to reduce the cost of long-term gas
supplies for 2 billion cubic metres, expects arbitration over
its Algerian gas contract to conclude in 2013.
(Reporting By Stephen Jewkes, editing by William Hardy)