More gas from Algeria: Draghi signs the agreement

Algeria will be Italy’s leading gas supplier


Today, Mario Draghi is visiting Algiers to sign the agreement prepared in recent weeks by Di Maio and ENI, in order to make Algeria our first gas supplier.
Since Russia invaded Ukraine, Italian diplomacy has begun a series of meetings with various gas supplier countries in order not to be caught unprepared for possible interruptions in flows from Moscow. Today, therefore, the Italian strategy is beginning to take shape goodbye to Russian gas.

The premier will meet the Algerian President, Abdelmadjid Tebboune, to seal an agreement that will bring about 9 billion cubic meters more gas to Italy from Algeria. In this way, Italy is able to replace more or less 1/3 of the gas it imports from Russia today (29 bcm per year).


But that is not all. According to the estimates of Claudio Descalzi, Eni’s CEO, the aforementioned figure could increase up to 11 billion. In practice, Algeria will go from the current 20 billion to over 30 billion.
The agreement, which is about to be signed at this time, brings our country’s relationship with Algiers back to 2010 levels.
Furthermore, it seems that supplies will also be quite rapid. The additional bcm should in fact arrive already before next winter.
This upgrade will leverage the capabilities of the Transmed pipeline. Active for almost forty years, this crosses the Mediterranean and then emerges on the coasts of Sicily, in Mazara del Vallo.

Part of the deal with Algeria is expected to be an enhanced partnership between Eni and the Algerian counterpart Sonatrach to increase oil and gas production. The matter is not over. In fact, there is also the intention to expand cooperation with the Maghreb country to common renewable energy projects which, in the medium to long term, would give the possibility of releasing more gas for export.
Algeria represents the first step in a broader program. By the end of April, Draghi has in fact planned other stops in Africa. Specifically, Congo, Mozambique and Angola which, together with Egypt, Nigeria, Qatar, Indonesia and Azerbaijian complete the strategy of diversification of energy sources defined by Italy after the war and which in a couple of years should lead to a total independence from Russia.


Source: LAVORINCASA.it by www.lavorincasa.it.

*The article has been translated based on the content of LAVORINCASA.it by www.lavorincasa.it. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!