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2022-04-14 12:00:00

ALGERIAN GAS FOR ITALY

ALGERIAN GAS FOR ITALY

ENERDATA13 Apr 2022 - The Algerian oil and gas national company Sonatrach and the Italian energy group Eni have signed an agreement that will allow Italy to increase the quantities of gas imported through the 35 bcm/year TransMed / Enrico Mattei gas pipeline. Under the agreement, Algeria will gradually provide increasing volumes of gas to Italy from 2022, up to 9 bcm/year in 2023-24.

Imports cover 93% of Italy's needs and have been growing since 2014 to meet the higher demand from the power sector, from 56 bcm to 71 bcm in 2019 (+5%/year). In 2020, gas imports contracted by 6.6% to 66 bcm, in a context of economic downturn, before recovering in 2021 (+10% according to preliminary statistics).

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Tags: ALGERIA, GAS, ITALY, ENI, SONATRACH