Enel On Offensive In Euro Race To LNG

摘要

Italy's Enel is laying the groundwork for its transformation into a significant regional LNG player in the Mediterranean Basin - even as various companies vie to similarly position themselves in Northwest Europe. Enel's most recent move came when Chief Executive Fulvio Conti at a conference of Italian and North African energy executives in Milan this month sounded out Egyptian Prime Minister Ahmed Nazif over the possibility of future deliveries of Egyptian LNG to a planned terminal in southern Italy - a project that was itself newly acquired by Enel:On Jul.6 Enel announced that it had completed the acquisition of a 90% interest in Nuove Energie,developer of the Porto Empedocle LNG import project in Sicily.