MOG Extends Gas Sales Contract with Repower

Italy-focused Mediterranean Oil & Gas (MOG) reported Thursday that its Medoilgas Italia subsidiary has signed a gas sales contract that will see all the company's production from its Guendalina gas field sold to Repower Italia from Oct. 1. 2013 until Sept. 30, 2014.

Repower has already purchased all production from Guendalina since April 1, 2012 to Sept. 30, 2013 under the firms' existing deal.

The new contract includes an option for the company to sell all or part of its onshore Italy gas production that is connected to the Italian gas distribution network to Repower at the same payment terms. Currently, around 75 percent of the company's onshore Italy gas production is connected to the gas distribution network with the remaining 25 percent sold to local customers.

MOG Chief Executive Dr. Bill Higgs commented in a company statement:

"We are very pleased to renew our relationship with Repower until the end of the thermal year ending in 2014. Repower has proven to be a good customer in what continues to be a challenging gas market in Italy."
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  OTC 2016 Slideshow Features An Offerin... (May 3)
 -  OTC 2016: Get To Know Houston Like An ... (Apr 29)
 -  OTC 2016: Want to Drink Like A Local? ... (Apr 29)
 -  Five Things to Do at OTC 2016 (Apr 29)
 -  CNOOC's 1Q 2016 Revenue Falls to $3.8B... (Apr 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
Field Service Tech /Heavy Equipment Mechanic Mining/Construction
Expertise: Field Service Tech|Mechanic|Mechanical Technician
Location: Atlanta, GA
 
Operations Director - Downstream Refining
Expertise: Mechanical Engineering|Petroleum Engineering|Refinery Specialist
Location: Houston, MO
 
Environmental Laboratory Chemist
Expertise: Chemist|Energy / Commodity Trading|Helicopter Pilot / Operations|Legal|Mechanic|Refinery / Plant Operations Supervisor|Refinery / Plant Operator|Regulatory Compliance
Location: Richmond, CA
 
search for more jobs

Brent Crude Oil : $46.75/BBL 2.80%
Light Crude Oil : $43.65/BBL 2.52%
Natural Gas : $2.08/MMBtu 1.96%
Updated in last 24 hours