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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.

gt-en-newsitem-inside

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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