Paolo Scaroni: Supplies of Russian Gas to China, India Threaten Europe's Energy Future

European countries will finds themselves in a difficult position if Russia begins supplying more gas to Asian countries, Eni CEO Paolo Scaroni said. He added that Europe's energy future will become even more problematic if Siberian gas is redirected to China and India.

Scaroni cited information from the website of the Italian newspaper Sole 24 Ore which reported that the east is demanding more and more Russian gas.

He said that this increased the need for Europe to import gas via the South Stream pipeline.

He said that the Nabucco pipeline is more of a pipe dream, than an alternative to Russian gas. He said Nabucco made economic sense only if it will pump Iranian as well as Azeri gas.

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