The chief executive of one of Europe’s biggest oil and gas companies has said the EU should look to Africa rather than the US as it seeks to replace Russian energy imports.
Claudio Descalzi, who has run Italy’s Eni since 2014, said closer collaboration with countries in Africa on energy matters offered the potential for a new “south-north axis” connecting the continent’s abundant renewable and fossil fuel resources with the energy-hungry markets of Europe.
“We don’t have energy, they have energy. We have a big industry, they have to develop it . . . There is a strong complementarity,” Descalzi told the Financial Times.
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