2023-01-23 12:10:00
ITALIAN GAS INVESTMENT €10 BLN
ENERDATA - 23 Jan 2023 - The Italian gas grid operator Snam has unveiled its 2022-2026 strategic plan, in which it plans to boost Italy's role in Europe’s gas system with new investments amounting to €10bn in the next four years, a 23% increase compared to its previous plan (€8.1bn over the 2021-2025 period).
Out of the total, €9bn will go to gas infrastructure, including €6.3bn in gas transportation (including the upgrade of the 430 km Adriatic Line onshore pipeline), €1.4bn in LNG infrastructure (purchase of of two new FSRU-based LNG terminals and development of related infrastructure), and €1.3bn in the expansion of gas storage capacity. The Adriatic Line, which will run from L’Aquila to Bologna, is expected to be completed in 2026 or 2027. It will help transport gas from the south, where pipelines from Africa and Azerbaijan arrive, to Italy's industrialised north.
Earlier in January 2022, Snam and Italy’s oil and gas company Eni entered a partnership to jointly manage their gas pipeline assets connecting Algeria to Italy and to study how to develop the network to support energy transition and promote the use of hydrogen.
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Earlier:
2022, December, 13, 13:45:00
EUROPEAN GAS DEADLOCK
Countries led by Germany, the Netherlands and Denmark are calling for a cautious approach, while a group including Belgium, Italy, Greece and Poland is pushing for a more aggressive tool to contain gas prices.
2022, November, 14, 13:10:00
SAUDI'S OIL FOR EUROPE
The Netherlands, Poland, Spain, France and Italy have been the top five destinations for Saudi oil in the region this year, all of which have also been regular buyers of Russian crude.
2022, October, 5, 13:05:00
RUSSIAN GAS TO ITALY
Gazprom PJSC said it has found a solution with Italian buyers to overcome the regulatory changes in Austria at the end of September that were preventing transit flows,
2022, October, 4, 14:25:00
NO RUSSIAN GAS TO ITALY
The halt in deliveries to Italy is the latest disruption to Russian gas flows to Europe after supplies were already halted via the Yamal-Europe and Nord Stream pipelines earlier this year and deliveries via Ukraine sharply curtailed.
