Enel SpA News

European diesel premiums dropped to the lowest level in more than a week. Jet fuel rose as Royal Dutch Shell Plc bought on the barge market for a second day.

Italy turned to oil-fired power stations after lower Russian natural-gas deliveries forced the country to declare an emergency as freezing conditions gripped Europe and pushed up heating demand.

In addition, Enel is the second largest Italian operator in the natural gas market with about 2.9 million customers.

Italy is importing more gas from Algeria to offset lower supplies from Russia, the group's Chief Executive Paolo Scaroni said on Sunday, adding he saw no shortage problems for the next few days.

Italian utility Enel SpA sold a 5.1% stake in Terna SpA last week for EUR281 million, but posted a EUR178 million capital loss, Corriere della Sera reports Sunday, citing results from the share placement managed by four banks.

Enel SpA said Thursday it sold its 5.1% stake in Italian power grid company Terna SpA for EUR281 million, as Europe's most indebted utility aims to raise cash.