Gazprom, DEPA, and Edison ink Cooperation Agreement on southern route for Russian gas supplies to Europe - GAZPROM

Kitsakos, Miller, Benayoun at signing ceremony

June 2, 2017, 15:00

Alexey Miller, Chairman of the Management Committee of Gazprom, Marc Benayoun, CEO of Edison and Executive Vice President of the EDF Group, and Theodoros Kitsakos, CEO of DEPA, today signed a Cooperation Agreement at the St. Petersburg International Economic Forum 2017.

The signing ceremony took place in the presence of Carlo Calenda, Minister of Economic Development of Italy, and Giorgos Tsipras, Secretary General for International Economic Relations at the Greek Ministry of Foreign Affairs.

Oil companies bullish on Egypt, eyeing more investment, discoveries - REUTERS

The logo of oil company Eni-Saipem is pictured on a barrel in
Rome, Italy, March 5 2016 - REUTERS/Alessandro Bianchi

Tue Feb 14, 2017 | 5:58pm GMT
Lin Noueihed, Eric Knecht, CAIRO; Writing by Asma Alsharif; Editing by Susan Fenton, Greg Mahlich

Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now that ENI's (ENI.MI) giant Zohr gas discovery has put its Mediterranean waters on the map.

Once a net gas exporter, Egypt has turned into a major importer in recent years as growing domestic demand outstripped production, but the discovery of the 850 billion-cubic metre Zohr field in 2015 is expected to change that.

The field is expected to come into production by the end of the year and will save Egypt billions of dollars in hard currency that would otherwise be spent on imports.

Gazprom, DEPA and Edison sign Memorandum of Understanding - GAZPROM

Alexey Miller, Marc Benayoun and Theodoros Kitsakos

February 24, 2016

Alexey Miller, Chairman of the Gazprom Management Committee, Marc Benayoun, CEO of Edison SpA, and Theodoros Kitsakos, CEO of DEPA SA, signed today the Memorandum of Understanding on natural gas deliveries across the Black Sea from Russia via third countries to Greece and from Greece to Italy in order to establish a southern route to deliver Russian natural gas to Europe.

The signing ceremony took place after the meeting held today in Rome between Alexey Miller and Federica Guidi, Italian Minister of Economic Development. The ceremony was attended by Giorgos Tsipras, Greek Foreign Ministry's Secretary General for International Economic Relations.