Italian energy group Edison and Greek natural gas firm DEPA will set up a joint venture to develop a new pipeline to bring 8 billion cubic meters of gas from Azerbaijan to Italy, Edison said yesterday. The new company, to be set up by March, will develop an infrastructure project for a 206-kilometer undersea link to connect Italy and Greece, part of a major plan to bring Azeri gas via Turkey to Greece and Italy, known as ITGI project. Edison and DEPA, which under the project have exclusive rights for gas transport for 25 years, plan to boost the pipeline capacity and eventually open it up for third parties, Edison said in a statement.