Algeria and Russia will become key energy suppliers to the European Union as it becomes more dependent on natural gas to meet its energy needs, the chief executive of Italian oil major Eni said Tuesday.
"We are still going to be very dependent on limited suppliers ... (I see) Algeria and Russia being pillars of E.U. energy needs," Eni Chief Executive Paolo Scaroni said at the World Energy Congress in Rome.
Russia's gas monopoly OAO Gazprom (GAZP.RS) already supplies about a quarter of the E.U.'s gas needs.