Eni's Way Magazine n. 2/2006

Eni's Way Magazine is the Group Review. A tradition started with "Il gatto selvatico", an extraordinary publication devised and edited in the mid-Fifties by the poet Attilio Bertolucci, and which for three decades has been naturally and adequately continued by "Ecos".
"Eni's Way" thus intends to speak also about the world in which Eni operates with the conviction that only through dialogue and the circulation of experiences and ideas can men and companies move ahead.

Increasing import and storage capacity,a greater market flexibility, harmonizing European norms, developing competition and reducing prices to consumers.
These are some of the goals for the natural gas sector, according to the Minister for Economic Development.

José Manuel Durão Barroso, who has led the European Commission for the past two years, says he is hopeful and launches proposals to tackle the European energy question. Global warming is the biggest challenge and mutual interest provides the basis for steady relations with world partners .

Italy is asked to develop more fluent regulations and administrative and legal certainty in the transport network sector. How to make EU countries more competitive, reduce energy dependence, encourage development and protect the environment .

The realization of infrastructure must always include a stage for dialogue between local authorities, the Government and companies aimed at reaching consensus. This is the only way the Nimby (not in my backyard) effect can be overcome. Intelligent policies are also required to bridge the gap with the rest of Europe.

The winter 2005 natural gas crunch cost consumers over 500 million euros on electricity bills. So how can higher prices be avoided? Boost gas access routes in Italy, make better use of energy sources and promote an energy-saving culture.

A gas producer duopoly, inadequate import networks, the lack of LNG terminals, controversy about liberalizations: here are the issues that have come to the fore in the wake of the 2005 gas crunch. What are the necessary actions yet to be adopted at the national and European level.

How can we raise the standard of living of the majority of the world population? The first step is to bridge the large gaps between the so-called "well-being" and "ill-being" areas through an adequate redistribution of energy supply.

Russia and Algeria are the most important gas producers and suppliers. Europe, and Italy in particular, look upon these two powers as ideal partners to develop not just economic relations.

In order to deregulate the European natural gas sector, the European Union has issued two directives and a regulation, later adopted by the single member states. Here are the main reference points to outline a clear picture of what has occurred at the European and Italian level.

The international energy situation is characterized by a steadily increasing natural gas demand. As to Italy, demand for this energy source will be increasingly secured by major international agreements and ample investment to develop facilities to import and store natural gas.

In order to carry out major projects a national regulatory system is required with certain, transparent and comprehensible rules. But to fit into the Europe dimension, it is necessary to achieve also a symmetry
with the regulations in force in the single national markets. What Snam Rete Gas has been doing.

In today's Iran two worlds live side by side. Hopes and tensions in a Country with strong national pride and great dynamism, embodied above all in young people. A Country and actor of the profund changes underway in the Middle East.

The security of supply and market stability.Investments along the oil value chain.Cooperation between producer countries and international oil companies. These were the issues dealt with by Eni's Chief Executive Officer in his speech at the OPEC Seminar in Vienna .