Gazprom pipeline plan may fuel worry: pact with Italy's Eni might boost influence over EU energy supply

Article Abstract:

Russia's OAO Gazprom and Italian petroleum firm Eni S.p.A. have entered into a 50-50 joint venture to construct a 558-mile gas pipeline stretching from Russia to Europe via the Black Sea. The pipeline's annual capacity could be as high as 1.05 trillion cubic feet of gas. Construction is expected to take three years and begin next year.

Water, sewer, and utility lines, Pipeline Construction, Water, Sewer, and Pipeline Construction, Joint ventures, Natural gas liquids, Oil & Gas Extraction, Oil and Gas Extraction, Italy, Russia, Gas industry, Eni S.p.A., Company joint venture, OAO Gazprom, Pipelines

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Iran's energy riches lure European firms: U.S. sanction threats make little headway; 'huge amount of gas'

Article Abstract:

European firms are succumbing to the opportunity to obtain large profits from energy deals with Iran despite efforts by the US to establish and enforce sanctions against the Middle Eastern nation. This is creating political complications between the European Union and the US government.

United States, Europe, Iran, Economic aspects, International aspects, Political aspects, Sanctions (International law)

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