Tag Archives: Italy

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 …

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 …

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 …

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 …

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 …

The European Commission (EC) has prepared a draft document that includes a mechanism for introducing a dynamic ceiling on natural gas (NG) prices. The final version will be presented at the EU summit on Nov. 24, Italian Environment and Energy Security Minister Gilberto Pichetto Fratin said in an interview published …

Russia’s state-controlled Gazprom PJSC suspended natural gas deliveries to Italy in an apparent scuffle over regulation in Austria, escalating the energy crisis in Europe. The cutoff appeared to target just Italy, which gets Gazprom’s supplies from a pipeline that passes through Austria. Higher volumes of Russian gas were allocated to …

Italian Minister for Ecological Transition Roberto Cingolani said the European Union should introduce a cap on gas prices for exporters across the board as targeting Russia’s dwindling gas exports to Europe “makes no sense.” “Capping only Russian gas makes no sense. It is currently delivered to Europe in very small …

Italy’s Eni has announced a significant gas discovery at the Cronos-1 well off Cyprus. The block is operated by Eni, with both End and Total Energies holding a 50% interest each. Eni estimates around 2.5 TCF of gas in place, with significant additional upside possible with a further exploration well …

Russian Gazprom is reducing daily gas deliveries to Italian Eni company by almost 20.6 percent, Trend reports with reference to Eni. “Gazprom informed it will deliver gas volumes for approximately 27 million cubic meters today, compared to daily deliveries of approximately 34 million cubic meters made in recent days. Eni …