ENI CEO says mulling not renewing take-or-pay contracts
ROME, Oct 10 (Reuters) - Italian oil and gas group ENI
is considering not renewing so-called "take-or-pay" contracts and is discussing the issue with Italian authorities, Chief Executive Paolo Scaroni said on Wednesday.
"We can try to not renew take-or-pay contracts and wind up those in force because they have become too expensive," Scaroni told the Italian Senate's Industry Commission.
"We would have a marked improvement in our financial performance," he said, adding the company could also consider renegotiating long-term contracts.
(Reporting By Stefano Bernabei)