Italy has signed a gas deal with Algeria to increase supplies by 40%
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Italy, which receives about 40% of gas, which is 29 billion cubic meters, from supplies from the Russian Federation, is now actively trying to diversify its energy supply structure.
Italy signed an agreement to increase gas imports from Algeria by about 40%. Thus, Rome found a replacement for Russian gas. About this on Monday, April 11, writes Reuters with reference to the statement of Italian Prime Minister Mario Draghi.
“The agreement was an important step in the country’s desire to reduce its dependence on Russian gas,” Draghi commented on the deal.
A statement from the Italian energy group Eni (ENI.MI) clarifies that it has agreed with the Algerian Sonatrach to gradually increase flows in the Transmed pipeline starting this year and reach 9 billion cubic meters of additional gas per year by 2023-2024.
Algeria is the second largest gas supplier to Italy. The Transmed pipeline has a capacity of over 110 million cubic meters per day, but currently only transports about 60 million cubic meters.
Last year, Algerian gas exports to Italy grew by 76% to 21.2 billion cubic meters, and already on April 11, daily flows exceeded supplies from Russia.
Italy, which receives about 40% of its gas, which is 29 billion cubic meters, from supplies from the Russian Federation, is now actively trying to diversify its energy supply structure. The ministers turned to many countries, such as Congo, Angola, Azerbaijan and Qatar, to find an opportunity to replace this volume of Russian “blue fuel” imports.
Previously, the GTS Operator announced threat to a third of gas transit due to the intervention of the occupiers in the work of the Novopskov CS, which may lead to a stoppage of transit through the GIS Sokhranivka.
Recall that the vast majority of MEPs voted for a resolution demanding immediate introduction of a complete embargo on oil, gas, coal and other fossil fuels from Russia.
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