World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Enel Uses Every Tool to Tap Russia
Keywords:
Tags:
A detailed look at how Enel is trying to penetrate the Russian power market. It is investing $6 billion in Russia. Mr. Fulvio Conti, CEO of Eni, has a clear idea how he is going to operate in Russia. He has developed close ties with Gazprom, has Gazprom as a partner in ownership of former Yukos gas assets which supply power plants it is acquiring ownership of (OGK-5's constellation of power plants in western Russia.) Eni uses Gazproms pipeline network to get the gas to its plants. In this way Eni feels it has a winning model to convert gas into electricity with low risk. Eni can then wait for what it expects will be gradual progress towards liberalization of electricity markets in Russia, so that prices will be higher and give Eni good margins. It will also put Eni ahead of German and other European competitors. Russia's electricity market is expected to grow rapidly as its economy grows. It needs $120 billion in investment to build further its electricity infrastructure and foreign investment is needed in this area. Eni has also offered Gazprom reciprocal ownership of power plant assets in Italy in its negotiations, to build a win-win situation.
Western Europe and the natural gas/power supply links with Russia during the Ukraine crisis (1)- Italy's power company Enel, oil company Eni, and close ties to Gazprom going back to 2006
03/02/2006
Italy's close ties to Gazprom go back to policy since 2006. A similar policy followed by Germany. The interdependence of the economies of Western Europe and Russia create a different dynamic for Europe compared to the U.S. during the Ukraine crisis.
Grouped Articles
Enel Uses Every Tool to Tap Russia
Wall Street Journal 11/08/2007
Gazprom and Eni Plan Gas Pipeline in Libya
New York Times 04/09/2008
Russian Gas Proves Irresistible to Europe
Wall Street Journal 07/14/2006
Eni Outlines Plan To Raise Output At Existing Fields
Wall Street Journal 03/02/2006
How Italy's ENI Vastly Boosted Oil Output
BusinessWeek 04/09/2009
ENI to Sell Stake in Gazprom Oil Unit
Wall Street Journal 04/07/2009
Eni and Enel's ties to Gazprom
03/02/2006
Grouped Articles
Gazprom and Eni Plan Gas Pipeline in Libya
New York Times 04/09/2008
Russian Gas Proves Irresistible to Europe
Wall Street Journal 07/14/2006
Eni Outlines Plan To Raise Output At Existing Fields
Wall Street Journal 03/02/2006
Enel Uses Every Tool to Tap Russia
Wall Street Journal 11/08/2007
ENI to Sell Stake in Gazprom Oil Unit
Wall Street Journal 04/07/2009
Wall Street Journal 04/21/2015
Italy's oil and power companies Eni and Enel
03/02/2006
Grouped Articles
Eni Could Do With Taking a Roman Holiday
Wall Street Journal 07/18/2013
Italian Premier Renzi Names State-Controlled Company Bosses
Wall Street Journal 04/15/2014
Eni First-Quarter Profit Slips on Lower Oil Prices, Higher Taxes
Wall Street Journal 04/29/2014
Eni Finds Are Tempered by Scandal-Prone Unit
Wall Street Journal 07/30/2013
Wall Street Journal 08/04/2009
Total, Eni Expect to Raise Energy Output
Wall Street Journal 08/03/2009
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
