Europe Needs to Push Gas Infrastructure Spending, Scaroni Says
Europe should promote spending on infrastructure to deliver natural gas to consumers from new sources of the fuel from Africa, Turkmenistan and Kazakhstan, Eni SpA Chief Executive Officer Paolo Scaroni said.
The natural gas pipeline projects in southern Europe, South Stream and Nabucco, should combine to cut costs, Scaroni said. Eni is an equal partner in South Stream with OAO Gazprom, the world’s largest producer of gas. Nabucco shareholders include Austria’s OMV AG and Germany’s RWE AG.
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