The head of Eni called the deadline for the replacement of Russian gas by Italy
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It will take Italy at least two years to fully replace Russian gas supplies, La Stampa newspaper reported, citing Eni energy company CEO Claudio Descalzi.
“At the moment, the replacement of Russian gas is partial, it will take two years to replace it completely,” said Descalzi (TASS quote).
According to him, now managed to replace 30 billion cubic meters. m of almost 40 billion cubic meters. m. In the past eight years, “domestic production has not been stimulated, investments in the gas sector have not been promoted,” said Descalzi. Replacing Russian supplies, he said, was a quick success thanks to Italy’s historical ties with Egypt, Angola, Algeria, the Republic of the Congo, Mozambique and Libya.
In the summer of 2022, the Italian Eni reported on the reduction of Russian gas supplies, then the energy company announced plans to completely abandon imports from the Russian Federation by 2025, replacing them with supplies from other countries.
Eni stressed in its report that a key element of its long-term strategy is to “provide alternative sources of gas supplies to Italy and Europe through the use of Eni’s strong strategic alliances.” It was clarified that Eni has signed new gas supply agreements with Algeria, Egypt and Congo, and may also provide additional opportunities in other countries of its global gas portfolio, such as Libya, Angola, Mozambique, Indonesia and Italy.
In addition, in June, Eni became a participant in the North Field East liquefied natural gas (LNG) project in Qatar. It involves the construction by 2027 of six LNG production lines with a total capacity of 49 million tons per year, of which 33 million tons should be launched in the first phase – by 2025. These initiatives, as reported in the report, are called for by 2025 to replace 100% of the gas purchased from Russia, the volume of which the company estimated at 20 billion cubic meters. m per year.
According to the data of the Federal Customs Service of Russia, in 2021 “Gazprom» exported to Italy 18.4 billion cubic meters. m of gas, the republic took the third place in terms of supplies in Europe after Germany and Turkey.
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