Eni Looking to Exit Gas Contracts with Russia, Algeria, Norway
Eni will do all it can to get out of the long-term gas contracts it has with Russia, Algeria and Norway, the Italian oil major's CEO said on Thursday.
"They bleed hundreds of millions of euros," Claudio Descalzi said on the sidelines of a conference.
Descalzi also said that following the dispute between Turkey and Russia, plans to build the so-called Turkish Stream gas pipeline were dead in the water.
Russian Energy Minister Alexander Novak said earlier on Thursday that Russia has suspended preparatory work on the Turk Stream pipeline project.
(Reporting by Alberto Sisto)
