Eni CEO Descalzi: Italy will be able to survive the winter without Russian gas supplies Claudio Descalzi noted that gas storage facilities in Italy are already 90% full, and Eni is working to diversify supplies in order to completely abandon Russian gas by 2024-2025
Italy “could survive” the coming winter without Russian gas, provided that the temperature is mild. This was stated by the head of the Italian gas company Eni, Claudio Descalzi, reports Bloomberg.
According to him, Italian gas storage facilities are already 90% full, and the authorities are actively replacing Russian fuel. “Algeria has already doubled its gas supplies to Italy”, — emphasized the head of the company.
Earlier, Descalzi reported that Eni plans to replace about 50% of gas imports from Russia by 2023, increasing this amount to 80% in 2023-2024, and completely abandon such supplies by 2024-2025.
The rise in world electricity prices in Europe has been going on since the end of February, when the EU imposed sanctions against Moscow in response to the Russian special operation in Ukraine. This was followed by a decrease and later a complete cessation of gas transportation through the Nord Stream, an increase in fossil fuel prices and record inflation. In addition, Gazprom from August 31, reduced gas supplies to Italy from 27 million cubic meters. m up to 20 million cubic meters. m, reported Eni.
The situation in the European economy is complicated by severe drought in the central and southern parts of the region.
Italy, along with Germany, Finland and Bulgaria, is one of the most dependent on the Russian gas countries. According to 2020 data, Rome was 46% dependent on Russian fuel supplies.
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In some European countries, due to the sharp rise in prices for gas and, as a result, for electricity, production at factories has decreased, and many of them are on the verge of closing. In July, the country— EU members have agreed to reduce gas consumption by 15% compared to the average for the past five years from August 1 to March 31, 2023.
Moscow, in response to Western restrictive measures, transferred gas payments for unfriendly countries (in the list of such states includes the entire EU) in rubles. After the refusal of some countries, including Finland, the Netherlands, Poland, Denmark and Bulgaria, to pay in Russian currency, Gazprom stopped deliveries. The head of the European Commission, Ursula von der Leyen, claimed at the end of July that in total gas pumping was stopped in 12 EU countries.
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