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    Dow Jones: Enel CEO: Natural Gas Spot Market Can't Guarantee Energy Security

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Summary

Enel's CEO Fulvio Conti stresses need for long-term supply contracts as gas spot markets can't guarantee energy security and Italy can't base its energy security on spot gas prices.

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Press Notes

Dow Jones: Enel CEO: Natural Gas Spot Market Can't Guarantee Energy Security

Natural gas spot markets aren't sufficient to guarantee energy security, Enel S.p.A. Chief Executive Fulvio Conti said Wednesday at a conference in Rome.

Italy can't "base" its energy security on spot gas prices, said Mr. Conti, as there is the need for longer-term supply contracts.  MORE