Descalzi: "With North Stream, gas will be more expensive for Italy"

Descalzi: "With North Stream, gas will be more expensive for Italy"

Editorial Staff
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The CEO of Eni said he was not opposed to the North European gas pipeline but has also stated that the South of the continent needs closer supplies to avoid excessively high logistics costs. He finally noted that "the St. Petersburg Forum is an important step towards thawing of relations between Russia and the EU"

"I have nothing against the North Stream, but gas would cost Italy more". This was stated by the Eni CEO, Claudio Descalzi, commenting on the words of Alexey Miller, Russian Deputy Minister of Energy and chairman of the Gazprom Board of Directors, who, during a panel of the St. Petersburg Forum, said that the gas pipeline will bring greater advantages from an economic point of view due to the conditions of the Ukraine gas pipelines. "I agree with Miller’s point of view, Germany and the Netherlands, who need gas in the north," said Descalzi. "There are 3 pipelines: North Stream, then one from Belarus, and one that passes through Ukraine, from which Italy gets its gas. The further the gas is from Italy, however, the more logistics costs increase. "I do not enter into political or technical matters" he added. "Europe needs to have greater supplies, therefore that’s fine. It would be interesting, however, to have closer pipelines." Desclazi noted, however, that the occasion of the St. Petersburg Forum is a first step towards the thawing of relations between Russia and the European Union. "The fact that the Chairman of the European Commission, Jean Claude Juncker, is here, that we are here, and that the presence of Prime Minister Renzi is also expected," said Descalzi, "shows that they are all positive steps. Europe and Russia are interconnected not only by gas and pipes," he added, "but also by commercial and cultural exchanges. We have always been close. It is clear that this is a situation of thawing."