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Wednesday, November 14, 2007

Italy's ENI interested in Baltic LNG project

ROME, November 13 (RIA Novosti) - 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 [RTS: GAZP], 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 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.

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