Italy PM signs Algeria gas deals to reduce Russia reliance

Arab News says Italian Prime Minister Mario Draghi announced a deal on Monday to boost gas deliveries from energy heavyweight Algeria, as he steps up efforts to reduce Rome’s heavy reliance on Russian imports.

Addressing journalists after meeting President Abdelmadjid Tebboune, Draghi told journalists the two governments had signed a preliminary deal on energy cooperation.

“There is also a deal between ENI and Sonatrach to boost gas exports to Italy,” he said, referring to the Italian energy giant and Algeria’s state hydrocarbons firm.

The firms agreed to boost gas exports through the Transmed undersea pipeline starting this autumn, gradually “increasing volumes of gas… up to 9 billion cubic meters per year in 2023-24,” ENI said in a statement.

https://www.arabnews.com/node/2061191/business-economy

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