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Eni CEO says open to Gazprom talks on Mozambique gas assets

BY LIAM MOLONEY AND JAMES MARSON

Italy -- Eni is willing to talk to Gazprom about a natural gas deal in Mozambique, although there has been no interest expressed by the Russia behemoth, CEO Paolo Scaroni said.

When ask to comment on speculation about interest from Gazprom, Mr Scaroni said, "This is news to us especially considering how much gas Gazprom has of its own."

Mr. Scaroni told reporters on the sidelines of a conference in Ravenna, northern Italy, "In the search for a partner in the Mamba field in Mozambique, we will listen to Gazprom, talk to them" referring to the excellent relationship between the two companies. Eni is Gazprom' s biggest international corporate buyer of its gas.

Gazprom is interested in a stake in Eni' s project in Mozambique but hasn' t made an offer yet, said Sergei Kuprianov, a spokesman for Gazprom. He added that discussions are ongoing.

Last week, Eni agreed to sell a 20% stake in its 70% holding to China National Petroleum for $4.21 billion in a giant offshore gas asset in Mozambique.

Eni has said it has found reserves of 75 Tcf in the Mozambique field. According to Bernstein Research this amount corresponds to four years of total European gas demand. It is Eni' s largest gas find.

Dow Jones Newswires

03/20/2013

 

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