Italy to open its markets to Gazprom

Italy to open its markets to Gazprom

Gazprom is pursuing a strategy whereby foreign energy companies will be allowed to tap into its nearly 30 trillion cubic meters of gas reserves on the condition that Gazprom is given access to Europe's lucrative retail and distribution markets.

Gazprom is the biggest gas producer in the world and supplies 25 percent of the gas that Europe consumes. Italy is Gazprom's biggest customer after Germany, according to the AP.