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Tension in Ukraine may inflate European gas prices next winter — Eni’s CEO

Eni is one of the supporters of the South Stream pipeline project, intended to bypass Ukraine by bringing Russian gas under the Black Sea to Bulgaria and from there on to Italy

MOSCOW, March 18. /ITAR-TASS/. Tension in Ukraine may affect gas supplies to Europe and result in higher tariffs next winter, the Financial Times newspaper reports with reference to CEO of Italian energy giant Eni.

Paolo Scaroni said Italy, Austria and the south of Germany would be particularly at risk since they were principal markets for Russian gas piped through Ukraine. About 16 percent of European gas consumption provided by Russia came through Ukraine, the newspaper says.