MILAN (Reuters) - Italian energy group Edison said on Tuesday it had reached an agreement with Algeria’s Sonatrach to extend a gas supply contract to 2027.
Edison, owned by French utility EDF, said the contract would allow it to take one billion cubic meters of gas per year from Algeria for 8 years.
The company said the agreement would allow Italy to diversify its gas supply sources.
Italy, which imports more than 90% of its gas, gets around 40% of its supplies from Russia.
Reporting by Stephen Jewkes; editing by James Mackenzie