USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

124

Unrealized Capabilities of ENI

ENI has been under pressure from Italian regulators

Unrealized Capabilities of ENI

Vittorio Mincato, the chief executive of the largest Italian oil and gas corporation ENI SpA, said the 8 bln cubic meters a year of Libyan gas imported to Italy via its Greenstream pipeline will be entirely sold to competing operators.

"Greenstream is the first, and still unique transport infrastructure,? Mincato said.

ENI has been under pressure from Italian regulators to provide capacity to its competitors on the gas market.

Mincato said the Western Libya Gas Project, of which Greenstream is part, will lift oil and gas produced by ENI in Libya to 570,000 barrels a day in 2005, from 230,000 in 2004.

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