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Russia's Gazprom supplies one quarter of Europe's gas needs (Photo: Gazprom)

EU closely monitoring Gazprom deal as Italy sounds alarm

Italy has warned that a deal between Russian and Algerian energy companies may lead to a rise in gas prices in Europe.

Italian energy minister Pierluigi Bersani has written a letter to EU energy commissioner Andris Pielbags suggesting that any deal between Russian monopoly Gazprom and Algerian state company Sonatrach would increase Europe's dependency on a small number of gas concerns risking pushing up the prices.

Both companies signed a memorandum of understanding over the wee...

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