Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nabucco, South Stream Can’t Converge, Eni Chief Tells La Stampa

Jan. 11 (Bloomberg) -- The proposed Nabucco and South Stream pipeline projects to bring natural gas to Europe aren’t likely to converge because Nabucco is behind schedule, Eni SpA Chief Executive Officer Paolo Scaroni told La Stampa.

While Eni was in the past interested in a convergence to reduce costs, it’s currently “impossible to have synergies with something that doesn’t exist,” Scaroni told the newspaper in an interview published today. He was responding to remarks by David Thorne, the U.S. ambassador to Italy, cited in La Stampa yesterday saying that the two pipelines could converge.

To contact the reporters on this story: Alessandra Migliaccio in Rome at amigliaccio@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.