Gazprom, DEPA and Edison ink gas pipeline deal

Russian gas giant Gazprom said on Wednesday it had signed a memorandum of understanding with Edison of Italy and DEPA of Greece on supplying Russian natural gas to Europe via the Black Sea.

The MoU was signed after a meeting in Rome between Gazprom’s Alexey Miller and Federica Guidi, Italian Minister of Economic Development, Gazprom said in a statement.

According to Gazprom, the agreement reflects the interest of the parties in the natural gas supply route across the Black Sea from Russia via third countries to Greece and from Greece to Italy.

In working towards that goal, the parties are committed to “take advantage of the work done by Edison and DEPA within the ITGI Poseidon project to the fullest extent possible.”

ITGI (Interconnector Turkey – Greece – Italy) is a natural gas pipeline project proposed in the framework of the Southern Gas Corridor from Turkey to Italy via Greece, Gazprom said.

Poseidon is a construction project for the ITGI offshore section across the Ionian Sea to connect gas transmission systems of Greece and Italy. Edison and DEPA are equal partners to IGI Poseidon S.A., it added.