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Italy plans to become “completely independent” of Russian gas by 2024

The country imports 90% of this product consumed in the country; by February, when Russia invaded Ukraine, 40% were of Russian origin

John MACDOUGALL / AFPEurope of Russian gas
Russian gas in Europe is very important to guarantee heating in cold periods

THE Ital will be “completely independent” of Russian gas in the second half of 2024, thanks to the search for new markets, said this Wednesday the 27th, the Acting Minister of Ecological Transition, Roberto Cingolani. “Adding together energy savings and new providers, in the second half of 2024 we will be completely independent of Russian gas,” Cincolani told a news conference. Italy imports 90% of the gas it consumes until February Russia invaded Ukraine40% were Russian, with Russia being the main supplier, so the Italian government launched an emergency plan to end this dependence.

Currently, the acting prime minister of Italy, Mario Draghi, and Italian diplomacy have reached new agreements with Algeria, which has already become the country’s main supplier of gas, replacing Russia. Cingolani said the goal for next winter is to overcome this dependence through a diversification plan, replenishment of reserves and energy saving plan. However, the minister assured that in the event of a sudden interruption in the arrival of Russian gas, Italy would have reserves available until February. “The lack of Russian gas will be compensated by Algerian gas and therefore we do not foresee drastic measures to curb demand from the industry. For now, energy security is guaranteed,” he said.

This Wednesday, the Italian state energy company Eni announced that it has completed negotiations to create a gas consortium in Angola, the New Gas Consortium. The consortium includes Chevron’s Angolan subsidiary Cabinda Gulf Oil Company Limited, Sonangol, Britain’s BP and France’s Total Energies. It was decided to finance the development of the Quiluma and Moboqueiro gas fields to build two offshore platforms, an onshore gas treatment plant and a system for the commercialization of liquefied natural gas shipments. Production will begin in 2026 and is expected to be 330 million cubic feet of gas per day, equivalent to 4 billion cubic meters per year.

*With information from EFE

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