Italy to pursue a raft of natural gas deals in Africa following Moscow’s invasion of Ukraine in February this year.
Italy plans to cuts its dependence on Russia as it pursues a raft of natural gas deals in Africa. Its European partners are to do the same following Moscow’s invasion of Ukraine in February this year.
Italian Prime minister Mario Draghi had planned to travel to Angola and the Republic of Congo this week to pursue further supplies following the agreements with Algeria and Egypt.
Potential deals in the Republic of Congo could bring Italy an additional 5 billion and 1.5 billion cubic meters a year.
Together with the extra volume, it secured from Algeria, which would replace more than half the amount it gets from Russia as early as next year.
40% of Italy’s gas is currently supplied by Russia. Meanwhile, Germany which relies on Russia for 40% of its gas imports, is creating an LGN infrastructure while others from France to Croatian plan to build import terminals with the United States also agreeing to boost shipments to the bloc.