Europe needs to put gas in its transition plan, Eni CEO says

FILE PHOTO-Claudio Descalzi, CEO of Italian energy company Eni talks to media at the Presidential Palace in Nicosia, Cyprus April 25, 2018. REUTERS/Yiannis Kourtoglou

ROME, Dec 2 (Reuters) - Europe needs to include natural gas in its long-term transition plan in order to foster investments in infrastructure and fuel production needed to ensure energy security and lower fuel prices, Eni's (ENI.MI) chief executive said on Friday.

Eni's Claudio Descalzi said that a cap on gas prices would not be a final solution to the energy crisis in Europe and rejected the idea that the bloc could rely only on renewables for its energy needs.

"We have to put gas in the long-term energy transition coupled with other solutions, renewables are the first one but also the decarbonisation of the hard-to-abate," Descalzi said speaking at an event.

Reporting by Francesca Landini in Milan and Crispian Balmer in Rome, editing Federico Maccioni

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