{"id":47217,"date":"2022-03-01T09:43:42","date_gmt":"2022-03-01T09:43:42","guid":{"rendered":"https:\/\/jazairhope.org\/?p=47217"},"modified":"2022-03-01T09:44:07","modified_gmt":"2022-03-01T09:44:07","slug":"my-view-following-saved-february-28-2022-348-pm-cst-last-updated-13-hours-ago-italy-to-get-more-gas-from-algeria-foreign-minister-says","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/my-view-following-saved-february-28-2022-348-pm-cst-last-updated-13-hours-ago-italy-to-get-more-gas-from-algeria-foreign-minister-says\/","title":{"rendered":"Italy to get more gas from Algeria, foreign minister says"},"content":{"rendered":"<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-0\">MILAN, Feb 28 (Reuters) &#8211; Italy&#8217;s foreign minister said a visit to Algeria on Monday to seek an increase in gas supplies from the country had yielded good results, as Europe steps up its efforts to tap alternative flows following Russia&#8217;s invasion of Ukraine.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-1\">The move comes as sweeping Western sanctions threaten to disrupt commodity flows from Russia, raising the spectre of gas shortages, blackouts and price increases.\u00a0<a class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__medium___3mY4FC Text__large___1NuIuP Link__underline_default___1RrRWa\" href=\"https:\/\/www.reuters.com\/business\/energy\/what-are-europes-options-case-russian-gas-disruption-2022-02-28\/\">read more<\/a><\/p>\n<div class=\"SpacingContainer__container___2pZeDX SpacingContainer__max-width___3kq0CX\">\n<div class=\"ad-slot__container___3rdCdV\">\n<div class=\"ad-slot__inner___2BzoBn ad-slot__others___zr-9wM\">\n<div id=\"reuters_desktop_native_1\" class=\"ad-slot__slot___6W8Kxc\" data-google-query-id=\"CMPgg_bOpPYCFY8GcQodNZIACg\">\n<div id=\"google_ads_iframe_\/4735792\/reuters.com\/business\/energy\/article_1__container__\">\n<div id=\"180522403\" class=\"tlod\">\n<div class=\"tl_ut Reuters_Desktop_Inarticle_Native\">\n<div class=\"Reuters_Desktop_Inarticle_Native_container\">\n<div class=\"Reuters_Desktop_Inarticle_Native_media_container\">\n<div class=\"tl-wrap tl-csr\">\n<div class=\"tl-outer-wrap\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"__fs-ancillary\">\n<div id=\"__fs-reportThisAd-reuters_desktop_native_1\">\n<div class=\"adl-report-ad-container \"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-2\">&#8220;The visit had a positive outcome,&#8221; Di Maio told Italian RAI state television after a meeting with his Algerian counterpart and energy minister.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-3\">&#8220;Algeria will support Italy in supplying gas, our partnership will become stronger both in the short term and the medium and long term,&#8221; Di Maio said.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-4\">The European Union depends on Russia for more than a third of its gas, and any interruption of flows would worsen a squeeze that has already sent consumer bills sky high.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-4\">Di Maio\u00a0 was accompanied by the head of Italian energy group Eni which has several long-term gas contracts with Algerian gas monopolist Sonatrach.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-6\">Eni also has strategic take-or-pay gas contracts with Russia&#8217;s Gazprom .<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-7\">Di Maio said he would be going to other countries in the coming days to seek energy deals that can help Italy &#8220;face the threat connected with this conflict unleashed by (Russian President Vladimir) Putin.&#8221;<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-8\">Italy, which last week introduced measures to boost domestic gas production and storage, is looking to diversify its supplies.\u00a0<a class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__medium___3mY4FC Text__large___1NuIuP Link__underline_default___1RrRWa\" href=\"https:\/\/www.reuters.com\/business\/energy\/italy-must-reduce-reliance-russian-gas-lift-domestic-production-draghi-2022-02-25\/\">read more\u00a0<\/a>.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-9\">But with global gas supplies tight and liquefied natural gas (LNG) producers already churning out as much as they can, there is little around to make up for the large volumes from Russia.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-10\">Algeria, which has pipelines to Spain and Italy and a large LNG terminal in Skikda, boosted oil and gas output last year by 5% though rising domestic consumption and political instability have capped exports.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-11\">&#8220;This is a good move and the fastest way for Italy to increase gas flows,&#8221; said Davide Tabarelli, head of energy think-tank Nomisma Energia.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-12\">The Transmed pipeline, which now transports around 60 million cubic metres (mcm) of Algerian gas to Italy per day, has a potential daily capacity of more than 110 mcm.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-13\">On Sunday the CEO of Sonatrach said that spare capacity could serve to increase supply to Europe.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-14\">But Tabarelli said Algeria needed more investment to boost output and ramp up exports.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-15\">Gas accounts for around 40% for Italy&#8217;s electricity generation, and it imports more than 90% of its gas, mostly from Russia and Algeria.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-16\">On Monday it introduced measures to curb the use of gas in power stations in case of an emergency and replenish gas reserves for the next winter season.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-17\">The steps include using coal- and oil-fired power plants alongside renewable energy for the period of any emergency.<\/p>\n<p class=\"Text__text___2vZwzq Text__dark-grey___1T5z1- Text__regular___3orWU3 Text__large___1NuIuP Body__base___3K85eE Body__large_body___1_XkH1 article-body__element___vulnXJ\" data-testid=\"paragraph-18\">Italy, which aims to phase out coal by 2025, can count on six coal plants to supply the grid, four of which belong to Europe&#8217;s biggest utility Enel .<\/p>\n<div class=\"registration-prompt__container___bYuCJ7 registration-prompt__inline___lE4_O9 article-body__element___vulnXJ\">\n<div class=\"registration-prompt__text-content___3mCDaQ\">\n<h5 class=\"Text__text___2vZwzq Text__white___cSohpe Text__medium___3mY4FC Text__heading_5___Zn3DqM Heading__base___3qCIA2 Heading__heading_5___ruN8eD registration-prompt__heading___2LgQ-c\">reuters.com<\/h5>\n<p>February 28, 2022<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MILAN, Feb 28 (Reuters) &#8211; Italy&#8217;s foreign minister said a visit to Algeria on Monday to seek an increase in gas supplies&hellip;<\/p>\n","protected":false},"author":70,"featured_media":47221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[12,4,6],"tags":[],"class_list":["post-47217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured-articles","category-latest-articles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Italy to get more gas from Algeria, foreign minister says - AAH.JZR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jazairhope.org\/en\/my-view-following-saved-february-28-2022-348-pm-cst-last-updated-13-hours-ago-italy-to-get-more-gas-from-algeria-foreign-minister-says\/\" 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