Eni is not interested in Turkish Stream

Claudio Descalzi, CEO of Eni said: "No, we are not interested in this investment." He noted that from the moment when Eni was the main partner of Gazprom in the South Stream project (the Turkish stream is planned as a variant of the South Stream), the company's strategy has changed.

Italians are a key recipient of Russian gas in southern Europe. The largest importers of gas from Russia on the mainland are only Germany and Turkey.

Why did the Italians refuse? Perhaps the key is the LNG revolution. More raw materials appear on the market, which means more competition. And the second reason is that Italians have invested significant amounts in Kazakhstan.