Eni SpA (E) is open to a further partner in the South Stream natural gas pipeline project, although the negotiations are conducted by OAO Gazprom (GAZP.RS), said Chief Executive Paolo Scaroni of the Italian energy company Wednesday.
Eni SpA (E) is open to a further partner in the South Stream natural gas
pipeline project, although the negotiations are conducted by OAO Gazprom
(GAZP.RS), said Chief Executive Paolo Scaroni of the Italian energy company
Wednesday.
"We are open to a further partner, and why not a German one," said
Scaroni on the sidelines of a German-Italian bilateral summit in Berlin, when
asked over the possibility that BASF SE's (BAS.XE) Wintershall could join South
Stream.
The South Stream project, which is still at a feasibility stage, aims to bring
annually 63 billion cubic meters of Russian and Caspian gas under the
Black
Sea
, bypassing the
Ukraine
, to
Europe
.
Last year, Eni and Gazprom agreed to let Electricite de France SA (EDF.FR)
enter their South Stream joint venture.
Separately, Wednesday Eni's Scaroni also said he will meet up with E.ON AG
(EOAN.XE) officials to discuss relationships with gas suppliers, especially
Gazprom.
Gas contracts need to take into account the changed market conditions with spot
prices being lower than those tied to oil ones, said Eni's CEO.
Scaroni said the best way to guarantee the European Union's energy security is
to boost gas interconnectors among the 27-country bloc.
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