ENI targets 650,000 customers in France by 2016

4/16/2013

ENI targets 650,000 customers in France by 2016

BY INTI LANDAURO

MILAN -- ENI expects to boost the number of its natural gas customers in France to 650,000 by the end of 2016, up from 205,000 now, French newspaper Les Echos reports, citing Daniel Fava, the DGM of the company's local unit ENI Power & Gas France.

ENI has gained 35,000 customers over the past six months as it offers stable natural gas prices over a three-year period, the newspaper cites Mr. Fava as saying. The company also offers tariffs 6% below the maximum gas tariff set by the country's regulator.

ENI's revenue in 2012 was close to $1.31 billion in France and its EBITDA were positive, Les Echos reports.

Dow Jones Newswires

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