Russia: Towards a Balance of Interests in the Eastern Mediterranean
... Regional nations themselves have been receptive to Russian interest. Several contracts were signed between Russian companies and Eastern Mediterranean states, but Russian participation in the projects was generally rather restrained. Russia’s Rosneft, which ... ... a concession by Italy’s Eni S.p.A. (50%), Rosneft (30%), Britain’s BP (10%) and Mubadala Petroleum (10%). Using Egyptian LNG capacity, Rosneft can achieve the coveted goal of supplying its own natural gas to the European market to compete with Gazprom....