OREANDA-NEWS. September 18, 2015. The European Commissioner for Energy and Climate Action, Miguel Arias Caete, today met Eni’s CEO, Claudio Descalzi, in Rome.

During the meeting, Mr Descalzi and Mr Caete discussed the status of the negotiations preceding the COP21 climate summit in Paris this December. Mr Descalzi reiterated the request for a global carbon pricing mechanism to address concerns related to the increased use of coal in power generation and to ensure a level playing field between the EU and other major industrialised countries.

Mr Descalzi and Mr Caete also underlined that Eni’s super giant gas discovery offshore Egypt, along with other important discoveries made in recent years offshore Israel and Cyprus, will allow the East Mediterranean gas hub to contribute significantly to European energy security, enhance the liquidity of the gas market and improve the competitiveness of gas vis-a-vis coal. In this context, Mr Descalzi and Mr Caete stressed the need to fully interconnect the European gas market in order to make best use of alternative future supplies. Mr Descalzi welcomed Commissioner Ca?ete’s resolve in addressing this issue.