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A separation of Italian pipeline operator Snam and Italy's main gas company Eni may be sped up, Reuters has reported, with a decree expected by next week. The decree, which will outline exactly how the split will happen, was expected to to be finalised by the end of this month. However, two sources...
Mediterranean Oil & Gas (MOG) has announced that it has been granted an extension to its current BR269 permit offshore from Italy in the Central Adriatic Sea. The licence extension, which was granted to MOG subsidiary Medoilgas Italia by the Italian Ministry for Economic Development, is granted...
Italian Minister for Industry Corrado Passera has again refuted rumours that gas pipeline operator Snam is to join forces with electricity company Terna to avoid a takeover from foreign buyers. "There exists no hypothesis of a merger with Terna," the minister said yesterday in Rome. Rumours of a possible...
CEO of Italian power company Enel Fulvio Conti has said that his company may be interested in participating in the TAP pipeline project. Speaking in Italy today, Mr. Conti told reporters that Enel had interest in any project that would further Italy's gas interests. "Enel is interested in projects...
CEO of Eni Paolo Scaroni has said that the partners in the South Stream pipeline have decided to begin work on the Austrian section of the pipeline before it begins work on the Italian section. Speaking to reporters today, Mr. Scaroni said a decision had been made to begin work on the northern Austrian...
Eni and Snam are arranging a €12 billion loan through four banks to deal with the separation of the two companies, Bloomberg and Reuters have reported. The large loan, which will facilitate the repayment of debts owed to Eni by pipeline operator Snam, would allow Eni to reduce some of its major debts.
The Trans-Adriatic Pipeline consortium would be open to partnership from Italy and Greece, according to Rikard Scoufias, TAP's country manager for Greece. Speaking to Bloomberg in Athens yesterday, Mr. Scoufias said that the consortium would welcome participation from those two countries given TAP's...
Italian Minister for Industry Corrado Passera has said that a planned unbundling of Italy's gas companies will be completed by spring of next year. The minister said earlier this month that the country's main energy company Eni will completely separate from pipeline operator Snam as part of a drive...
Mediterranean Oil & Gas (MOG) has reached an agreement to terminate a gas purchase contract with Energetic in relation to gas production from the Guendalina field in Italy. The current agreement for gas purchase will end on the 31st of March 2012. The deal between MOG subsidiaries Medoilgas...
The Trans Adriatic Pipeline (TAP) has officially submitted its Environmental and Social Impact Assessment (ESIA) to the Ministry of Environment in Italy. The TAP project aims to deliver secure natural gas supplies from the Shah Deniz field in Azerbaijan to western Europe, transporting the gas via Greece...