The Chief Executive of Italian utility Edison, controlled by French EDF (EDF.FR), said in an interview published Tuesday that Edison is "thinking" about importing shale gas in Europe.
The Chief Executive of Italian utility
Edison
,
controlled by French EDF (EDF.FR), said in an interview published Tuesday that
Edison
is
"thinking" about importing shale gas in
Europe
.
"EDF has activities in the
United
States
and is now looking at those
projects, also to understand whether there will be consequences for the
Mediterranean region,"
Edison
's
Chief Executive Bruno Lescoeur said in an interview with Italian daily Corriere
della Sera.
Mr. Lescoeur added that there is a good chance Edison will find an agreement on
gas contracts with Russia's Gazprom OAO (OGZPY) but it will take time, maybe
until 2014, while talks with Italian gas giant Eni S.p.A. (E) in relation to
gas contracts are open at the moment, although Mr. Lescoeur didn't give any
further details.
"We showed that it is still possible in the gas sector to work with
long-term contracts, which can give better security and supply guarantees and
can be price-competitive,"
Edison
's CEO
said. "The mix between price and flexibility makes our contracts
competitive," he added in the interview.
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