The new deal between Italy’s ENI and Algeria’s Sonatrach would add up to 9 billion cubic meters of gas from Algeria
Italy secures deal for more Algerian natural gas
Italian PM says an agreement to intensify bilateral cooperation with Algeria in the energy sector along with the deal to export more gas to Italy are a significant response to the strategic goal of quickly replacing Russian energy.
Monday 11/04/2022
The new deal between Italy’s ENI and Algeria’s Sonatrach would add up to 9 billion cubic meters of gas from Algeria
MILAN — Italian Premier Mario Draghi secured a deal Monday for more natural gas imports across a Mediterranean pipeline from Algeria, in the latest push by a European Union nation to reduce dependence on Russian energy following its invasion of Ukraine.
Draghi told reporters in the Algerian capital after meeting with President Abdelmadjid Tebboune that an agreement to intensify bilateral cooperation in the energy sector along with the deal to export more gas to Italy “are a significant response to the strategic goal” of quickly replacing Russian energy.
Russia is Italy’s biggest supplier of natural gas, representing 40% of total imports, followed by Algeria, which provides some 21 billion cubic meters of gas via the Trans-Mediterranean pipeline.
The new deal between Italian energy company ENI and Algeria’s Sonatrach would add up to 9 billion cubic meters of gas from Algeria, just eclipsing Russia’s current 29 billion cubic meters a year. The increased flows will start in the fall, ENI said in a statement.