Enel: Italian job

Could Italy’s rekindled flame with Russia lead to Gazprom’s first major investment in Western Europe? Enel, the Italian utility, is considering selling a gas network that would fit well with the Russian monopoly’s stated intentions to acquire distribution assets in Europe. Considering Silvio Berlusconi’s Putin-mania, a Russian-Italian deal would seem a natural. Enel has long had a cosy relationship with Gazprom. Last year Enel helped Gazprom by buying some assets from Yukos, after the Kremlin...