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Italy signs a gas contract with Algeria

Italy, which receives approximately 40% of the gas, which is 29 billion cubic meters, from supplies from the Russian Federation, is actively trying to diversify its energy supply structure.

Italy has signed an agreement to increase gas imports from Algeria by almost 40%. Thus, Rome found a replacement for Russian gas. On Monday, April 11, Reuters wrote the reference in a statement by Italian Prime Minister Mario Draghi.

“The agreement is an important step in the country’s desire to reduce its dependence on Russia’s gas,” Draghi commented on the deal.

A statement from Italian energy group Eni (ENI.MI) clarified that it has agreed with Algerian Sonatrach to gradually increase flows in the Transmed pipeline starting this year and reach 9 billion cubic meters of additional gas per year through 2023-2024.

Algeria is the second largest supplier of gas to Italy. The Transmed pipeline has a capacity of more than 110 million cubic meters per day, but currently only carries approximately 60 million cubic meters.

Last year, Algerian gas exports to Italy grew by 76% to 21.2 billion cubic meters, and on April 11, daily flows exceeded supplies from Russia.

Italy, which receives approximately 40% of the gas, which is 29 billion cubic meters, from supplies from the Russian Federation, is actively trying to diversify its energy supply structure. Ministers have turned to many countries, such as Congo, Angola, Azerbaijan and Qatar, to find opportunities to replace the volume of Russian “blue fuel” imports.

Earlier, the GTS Operator announced the threat of a third of gas transit due to the interference of occupiers in the work of Novopskov CS, which could lead to the cessation of transit via GIS Sokhranovka.

Recall that most MEPs voted in favor of a resolution calling for the immediate introduction of a complete embargo on oil, gas, coal and other fossil fuels from Russia.

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Source: korrespondent

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