Eni SpA Announces Reorganization of Gas and Power Segment

Eni SpA announced that following the reorganization of Eni’s Gas & Power activities, approved by the Company's Board of Directors, the Business Unit Optimization & Trading will be renamed Business Unit Midstream and a new Business Unit Downstream Gas & Power has been created. The Business Unit Downstream Gas & Power, of which Eni’s Chief Executive Officer, Paolo Scaroni, has been appointed interim head, will be responsible for the development in Italy and abroad of commercial retail and mid gas & power as well as the generation of electricity power. The Business Unit Midstream, headed by Marco Alvera, will oversee commodity trading activities, supply and oil & gas portfolio optimization, sales on wholesale gas & power markets, midstream LNG commercial activities and commodities transport. Following the reorganization, the Gas & Power Division activities will merge into the Business Units mentioned above.