EUROPE
Italy, Algeria sign gas supply deal

Italy and Algeria agreed to boost gas supply to Italy in an effort to cut reliance on Russian gas after Italian Prime Minister Mario Draghi met with Algerian President Abdelmadjid Tebboune in Algiers on Monday.

“Our governments have signed a Declaration of Intents on bilateral cooperation in the energy sector. In tandem with this is the agreement between Eni and Sonatrach to increase gas exports to Italy,” Draghi announced.

This was “a significant response to reliance on Russian gas,” he added

The response will not fix the reliance on Russia, but it is the most significant step toward energy diversification Italy has taken since the invasion of Ukraine.

Italy imports roughly 38% of its gas from Russia and 28% from Algeria. The agreement between Italian energy giant Eni and Algeria’s Sonatrach forecasts nine billion additional cubic metres of gas via the TransMed pipeline.

Source: Euractiv.com

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