Ministry reports US spy agencies' latest attempt to recruit Russian worker was on Jan 14Russian Politics & Diplomacy January 18, 21:57
Austria’s president-elect says he is ready to maintain good relations with RussiaWorld January 18, 21:50
Putin briefs Merkel, Hollande on steps to implement Syrian ceasefireRussian Politics & Diplomacy January 18, 20:39
Putin, Merkel, Hollande agree to give fresh impetus to Normandy Four activitiesRussian Politics & Diplomacy January 18, 20:26
Russian Eurobonds may be floated in spring 2017 — finance ministerBusiness & Economy January 18, 19:48
Russia, Turkey report 14 ceasefire breaches in Syria per dayWorld January 18, 19:17
Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
ROME, March 21. /ITAR-TASS/. Italy could do without Russian gas if supplies were ceased due to sanctions, believes CEO of the Italian oil and gas company Eni Paolo Scaroni quoted by Italian media.
Russian gas makes up only 30% of Italian consumption so Italy could do without buying it and substitute Russian gas with supplies from Algeria and Libya, Scaroni, whose contract with the company expires in a month, told the Italian Parliament. However, he added, he did not like this situation as Italy would be at the breaking point and prices would inevitably increase.
Even so, Italy would get another source of gas, Azerbaijan, with implementation of the TAP (Trans Adriatic Pipeline) project, Scaroni added. Meanwhile, the future of the South Stream project that aims to supply gas bypassing Ukraine is grim, he believes, as the EU authorities can question construction of the pipeline.
Eni was preparing for new negotiations with Gazprom about contract gas price, and the economic sanctions against Russia complicated the process, he added.
Furthermore, Italian Prime Minister Matteo Renzi said following the Council of Europe’s meeting that the events in Ukraine by no means threatened Italy’s energy security despite the fact that Russian gas goes to the Apennines through its territory. The situation in Ukraine caused rather geopolitical than energy concerns, Renzi commented on Scaroni’s statements.
Raiffeisenbank’s analyst Andrey Polishchyuk links Scaroni’s statements to the upcoming election to the European Commission due in May. The incumbent commissioner for energy Gunther Oettinger will be hardly re-elected.
Meanwhile, Eni’s subsidiary Saipem was awarded a 2 billion euro contract in recent days to lay the first line of the South Stream pipeline on the Black Sea bed.