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Italian Eni does not consider participation in Nord Stream-2 project — CEO

January 11, 2016, 18:57 UTC+3 ROME

The company neither considers divestment of a stake in its subsidiary Saipem

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©  ITAR-TASS/Vladimir Smirnov/Archive

ROME, January 11. /TASS/. Italia’s energy company Eni does not consider participation of the company in the Nord Stream-2 pipeline project or divestment of a stake in its subsidiary Saipem, Chief Executive Officer of the company Claudio Descalzi said on Monday.

"I rule out sale of a stake in Saipem, especially at current prices, for the time being and in the near term. Neither divestment of Saipem nor participation in the Nord Stream-2 is currently on the agenda," the chief executive said.

Saipem may take part in activities for implementation of the Nord Stream-2, Descalzi said. "However, this is up to Saipem," he added.

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