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 …
Read More »Eni and Qatar Sign 27-Year LNG Supply Deal for Italy
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 …
Read More »Italy’s Energy Groups Set to Benefit from Green EU Funds
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 …
Read More »Eni Offloads First LNG Cargo from New Italian Regassification Terminal
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 …
Read More »Italy’s New LNG Plant Receives Maiden Delivery
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 …
Read More »Italy Greenlights the Sale of a Russian-Owned Refinery
The Italian government has given conditional approval for the sale of a refinery owned by Russia’s Lukoil to a Cyprus-based private equity firm, Reuters has reported, citing unnamed sources in the know. The conditions set by the Italian government for buyer G.O.I. Energy include guarantees that no jobs will be …
Read More »Italy’s Eni Signs $8 Billion Gas Deal as Meloni Visits Libya
Italian energy giant Eni signed an $8 billion gas deal with Libya’s state-run National Oil Corporation Saturday as Prime Minister Giorgia Meloni visited Tripoli. European governments have been scrambling to find alternatives to Russian gas since last year’s invasion of Ukraine saw deliveries slashed to less than half their pre-war …
Read More »Italy to Wean itself off Russian Gas Within Two Years
Italy is expected to eliminate imports of Russian natural gas by the winter of 2024/2025, Claudio Descalzi, the chief executive of energy major Eni, said on Monday during a visit to Algeria. Italy, one of the biggest buyers of Russian gas in Europe before the Russian invasion of Ukraine, will …
Read More »EU Commission Approves First ‘Energy Corridor’ between Italy, Africa
A project to construct a new submarine power line that will transport clean energy from Tunisia to Italy was given the green light by the European Commission. This was a “decisive” step towards making southern Italy an “energy hub” in Europe, which will “strengthen the continent’s energy security,” said the …
Read More »Italy Invests in Clean Energy to Become European Energy Hub
The government is investing in clean energy, in addition to gas and LNG, to become energy independent and become the energy hub of Europe. Prime Minister Giorgia Meloni (Brothers of Italy/Ecr) told voters before the general election on 25 September that she wants to make Italy, particularly the south, an …
Read More »