18:23 ROME (Dow Jones) – The conduct of Eni ‘and’ were marked according to objective and market and the company has consistently kept informed Ilva and institutions. ” And ‘what is said in a statement Eni about the rumors of stmpa about a stop to gas supplies to Ilva. Eni, the note continues, “does not have to be in a business relationship to supply gas to Ilva. In fact, the steel mill and ‘currently supplied gas under the” default “, as provided by the Italian regulatory framework, with guaranteed payments from the gas system . Eni and ‘operator of that service by default in quality’ of contractor on the basis of a public procedure. ” Eni stresses that before the accession of Ilva the default regime, which took place October 1, 2014, Eni was found “in the impossibility ‘to formulate a business proposal to supply gas becau se’ the significant credit risk and the lack of adequate warranty by Ilva are conditions that contravene the commercial criteria that Eni applies to all its gas customers. This and ‘in line with the trend in the gas sector in Italy and in Europe for the supply of this importance, and it’ s protection ‘company and its shareholders, in particular as a listed company. Ilva, not having entered into any trade agreement it’ Eni with it ‘with other potential gas suppliers in the sector, from October 1, 2014 and’ entry into the system supply default provisions of the regulatory framework because of similar situations. This system of supply has also a maximum duration of 90 days and therefore will expire ‘at year-end. ” In line with the current regulatory framework, the statement concludes, “Eni has provided 30 days before the expiry of the service to the communication of formal termination of supply by default. It remains t he possibility ‘for Ilva to identify any gas suppliers on commercial terms of market including adequate payment guarantees “. liv (end) AFX NEWS 1718: 22 Dec 2014
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