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Eni (E -1.8%) says an adverse arbitration decision in a natural gas dispute with GasTerra will...

Eni (E -1.8%) says an adverse arbitration decision in a natural gas dispute with GasTerra will reduce its Q3 earnings by €604M ($785M). The ruling will allow Eni to claim a price reduction for the gas volumes purchased in the period subsequent to that settled by the decision.
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  • gcmagone
    , contributor
    Comments (1025) | Send Message
     
    While not puny, Eni's successes lately will overshadow a disappointment like the Gas Terra decision. Their exploration program is world class and best of the mini-majors.
    20 Sep 2012, 02:44 PM Reply Like
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