Tag Archives: Italy

One of Europe’s biggest economies and car markets, Italy, has renewed its push to seek a revision of the European Union’s plans to ban the sales of new combustion-engine cars from 2035, a draft document seen by Bloomberg showed on Thursday. Italy and the Czech Republic have teamed up to …

African countries are planning to launch their own financing vehicle for oil and gas projects in the face of growing pressure from Western financial institutions to abandon the development of these resources. The group of 18 states needs $5 billion to kickstart what it calls an energy bank. They call …

Itay will no longer grant concessions for oil and condensate exploration and production, a draft of a new government decree shows. The decree, seen by Reuters, specifies that the oil exploration and production ban will only apply to new concessions—not existing ones that have already secured government approval. The ban …

Developed economies with higher per-capita emissions could help developing economies to transition away from fossil fuels and accelerate clean energy rollout, Fabio Panetta, the governor of Italy’s Central Bank, said on Monday. The plan would help reduce the overall cost of the energy transition globally, Panetta said at a G7 …

Italy’s supermajor Eni has announced a new natural gas discovery in the Gulf of Mexico, in the mid-deep waters off the Mexican coast. The discovery contains an estimated potential reserve of 300 to 400 million barrels of oil equivalent, the company said. The block where Eni was drilling for gas …

Eni SPA said it is awaiting government clearance to begin construction of its third biofuel production plant in Italy, proposed to rise in the port city of Livorno. “The project, first announced in October 2022 and followed by an application for Environmental Impact Assessment in November 2022, is awaiting official …

Eni SpA signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month. Starting in 2026, a joint venture between the Middle Eastern company and Eni will deliver as much as 1.5 billion cubic meters of LNG per year …

Eni, Enel and other state-controlled Italian energy groups are due to benefit from a partial transfer of European Union funds to the REPowerEU scheme, credit rating agency DBRS said on Monday (24 July). In a report analysing Italy’s challenges to spend €191.5 billion of EU post-COVID funds by 2026, DBRS …

Eni has begun offloading the first LNG cargo into Snam’s new regasification terminal in Piombino, in the presence of the Minister of the Environment and Energy Security, Gilberto Pichetto Fratin. The terminal has a total processing capacity of 5 Bcm per year, or approximately 7% of Italy’s gas demand. The …

Italy’s newest and fourth regasification facility has received its first liquefied natural gas (LNG), paving the way for the startup of a project supplier Eni SPA said can serve about seven percent of domestic demand. The supply came from Egypt, among several countries in Africa where state-controlled Eni has strengthened …