Dec 13, 2007

GDF-Acea JV bids for Italian gas storage facilities

Gaz de France said it is jointly bidding with Acea SpA for two former Eni SpA facilities that will be used for gas storage.
Angelo Ferrari, head of GDF's Italian operations, said the venture, in which it will have a majority stake, is interested in two exhausted gas fields at Bagnolo Mella and San Benedetto del Tronto which will be converted into storage facilities.
The Italian development ministry is selling five exhausted gas fields, formerly owned by Eni, that will be used for storage. Ferrari added that GDF is also interested in building a regasification facility off the Italian coast in the Adriatic Sea. The plant would have a capacity of 5-10 billion cubic meters, he said.

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