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Europe needs long-term energy plan, Eni CEO says

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Soaring gas prices as winter approaches are evidence that the European Union needs to work out a long-term energy security plan, the head of Italy's Eni has told La Repubblica newspaper.


Claudio Descalzi noted the EU imports almost all the natural gas and most of the oil it needs, making it structurally dependent on foreign supplies. "Europe needs to have what it hasn't got today, a structured and long-term energy security plan," Descalzi said in an interview published on Saturday. "I don't think there will be problems with gas procurement, but it will cost more," he said regarding this winter. - Reuters


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