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Enel Sees North Africa as Key Natural Gas Supplier to Europe

North African countries including Algeria and Libya can provide Europe with half the natural gas currently supplied by Russia, according to Enel SpA, Italy’s largest utility.

Algeria can ship 60 billion cubic meters (2.1 trillion cubic feet) of gas to Europe a year, while Libya and Egypt are able to provide 10 billion each, Marco Arcelli, the executive vice president of Enel’s upstream gas division, said in London. Russia supplied about 162 billion cubic meters of gas to Europe and Turkey last year, OAO Gazprom data show.