Italy’s ENI interested in Baltic LNG project
Italian oil and gas company Eni S.p.A. is interested in a project to build a liquefied natural gas plant (LNG) on the coast of the Baltic Sea, the company’s manager in Russia said on Tuesday.
The Baltic LNG project, developed by Russian energy giant Gazprom, stipulates the construction of a liquefied natural gas plant in Primorsk in northwestern Russia with a capacity of 5-7.2 million metric tons of liquefied natural gas a year. “We would be very much interested in joining this project,” Carlo Meriggi told an Italian-Russian business forum held as part of the World Energy Congress in Rome. Meriggi also said Gazprom and Eni were jointly preparing feasibility studies for building a gas pipeline to run under the Black Sea directly from Russia to the European Union.
Gazprom and Eni S.p.A. agreed in June to build the South Stream pipeline, which will deliver 30 billion cubic meters of gas annually via Bulgaria to Austria, Slovenia and Italy. The South Stream project replaces previous plans to extend the Blue Stream pipeline which runs from Russia to Turkey. (rian.ru)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.