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Tuesday, 14 October, 2008, 18:20 GMT | more prices >>

Gazprom and Eni join forces



By Upstream staff 

Russia’s Gazprom and Eni of Italy are preparing to join forces to pipe natural gas from Libya across the Mediterranean to Southern Europe.

The deal would enable Russia to diversify its energy sources but also further increase Europe's dependence on state-controlled Gazprom.

Talks held last week, Gazprom and Eni agreed in principle to work together in Libya.

Paolo Scaroni, chief executive of Eni, said the deal with Gazprom would involve "the swap of assets outside of Russia."

A statement issued by both sides after the meeting referred to "the realization of upstream joint projects in third countries reported the International Herald Tribune.


Wednesday, 09 April, 2008, 19:50 GMT  | last updated: Wednesday, 09 April, 2008, 19:50 GMT

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