Source Pravda.Ru

Gazprom To Start Gas Sales to Enel In Italian Expansion Plan

Gazprom, the world's largest natural gas producer, may start selling fuel to a unit of Enel, Europe's fourth largest utility, as part of the Russian company's plan to boost gas sales to Italy.

Gazexport, Gazprom's gas trading unit, signed a preliminary accord with Enel FTL SpA covering possible sales of three billion cubic meters of gas a year, or about fifteen percent of Gazprom's 2001 sales to Italy.

The companies may sign “a long term contract for Russian gas sales” over a period of two decades, Gazprom said in a statement e- mailed to the news wires.

Gazprom's exports to Italy may exceed thirty billion cubic meters of gas by the year 2010, or about a quarter of the company's current exports. The company supplies about sixty percent of Western Europe's gas needs. It expects exports to rise by about a third to 175 billion cubic meters by 2008.

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&to=http://www.gazprom.ru/eng/default.htm' target=_blank>GAZPROM

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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