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Monday, 24 October 2016


Eni proposes to integrate sections of Southern Stream and Nabucco

2010-03-10 17:26

Paolo Scaroni, CEO of Eni, the Italian energy company, campaigns for integration of crossing sections of South Stream and Nabucco gas pipelines.


In his view, it will cut operation expenses and increase efficiency - ITAR TASS.

Scaroni believes that Europe, with its growing needs in gas, must increase investments in infrastructure and favour gas supplies from "new sources" - countries like Turkmenistan and Kazakhstan, as well as Aftrican countries. He concluded the united strategy is needed.

Eni is one of the main partners of Gazprom [Russian company] in implementation of South Stream.

Nabucco project [estimated cost - USD 7.9 bn] implies transportation of natural gas to European countries via Azerbaijan, Georgia, Turkey, Bulgaria, Hungary, Romania and Austria. It will be the extension of the existing Baku-Tbilisi- Erzurum pipeline.


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