Algeria can increase gas supplies to Italy by 50% - Bloomberg

Italy and Algeria intend to sign an agreement to increase natural gas supplies through pipelines to Italy. Algerian Prime Minister Mario Draghi is on a visit to Algeria with a delegation. According to Bloomberg, citing its own sources, the countries are likely to agree to increase gas supplies from Algeria by 50%.

Thus, according to Bloomberg, Algeria intends to increase gas supplies by 9-10 bcm in 2022. During 2021, Algeria supplied more than 21 bcm to Italy via the Transmed gas pipeline, second only to Russia (29 t). Algeria currently supplies Italy with about 64 mcm per day, and more than 6.3 bcm of gas since the beginning of the year.

Growing exports will lead Algeria to replace Russia as Italy's main gas supplier. Italy intends to completely abandon Russian gas after the Russian invasion of Ukraine. Italy has recently said it will support an embargo on Russian oil and gas if the European Union unites.

16:55 / 11 April 2022

Upcoming events
09:00 / 23 September, 2021
09:00 / 20 May, 2021
08:00 / 26 September, 2019
ODESA OFFSHORE CONFERENCE-2019 Ukraine has every chance to resume the work of the most promising oil and gas region, the Southern oil&gas fields. The untapped deposits of oil and gas are located both onshore and subsea. Four companies have already poised to conclude Production Sharing Agreements with Ukraine, whilst bidding for the Dolphin oil&gas fields on Black Sea shelf. The Odesa Offshore Conference (OOC2019) will serve as a venue for Ukrainian and international bidders to meet with local and international drilling, oilfield service and equipment manufacturers to kick-off emerging subsea and onshore projects in Ukraine.
All events