UPDATE 3-Eni CEO "serene" over Russia-Ukraine gas impact

Tue Jan 6, 2009 6:21pm GMT
 
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(Adds Eni CEO comments, previous ROME )

By Stephen Jewkes

MILAN, Jan 6 (Reuters) - Italy has no reasons for concern regarding its energy supplies over the next few weeks in the wake of the gas dispute between Russia and Ukraine, the chief executive of oil and gas company Eni (ENI.MI) said on Tuesday.

"We can look at the crisis underway between Russia and Ukraine and the repercussions over the next few weeks on Italy's energy security with serenity," Eni CEO Paolo Scaroni said in a statement read out by a press officer on a conference call.

Scaroni said that since the first gas crisis between Russia and Ukraine at the start of 2006, Eni had put in place a policy of diversifying gas supplies and boosting gas storage facilities. This had given Italy a degree of energy security "in line with and even greater than that of other European countries," he said.

Eni, Italy's biggest oil and gas group which dominates Italian gas imports, owns the whole of Stogit, the company that manages around 98 percent of Italy's gas storage sites.

Earlier an Eni spokesman said Russian gas imports through the TAG pipeline were 90 percent lower compared to normal levels as the gas dispute between Russia and Ukraine intensified.

"Volumes at 10 a.m. (local time or 0900 GMT) were 10 percent of normal volumes," the head of Eni's press office Gianni Di Giovanni said.

Russia's gas dispute with Ukraine has cut supplies to a swathe of European countries, threatening disruption as far west as Italy and Germany.  Continued...

 

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