Mario Draghi visits Algeria to boost Italy’s gas supply
Italian Prime Minister Mario Draghi visited Algeria with the aim of accelerating gas deliveries to Italy, which will increase in the coming years. This was announced by the leaders of the two countries.
The fourth summit between Italy and Algeria “confirmed our privileged partnership in the energy sector,” Draghi told reporters.
As Italy faces a political crisis, Mr. Draghi’s visit to President Abdelmajid Tebboune on Monday (July 18) was preceded by the announcement of an additional four billion cubic meters of Algerian gas for Rome.
This measure represents “an acceleration compared to what had been negotiated initially” and “anticipates other supplies in the years to come”Mr. Draghi said.
As Rome strives to reduce its dependence on Russia, Algeria has become its main energy partner. In 2021, Italy imported 22.5 billion cubic meters of gas from Algeria, around 29.6% of national consumption. Russia supplied 28.9 billion cubic meters to the country, which corresponds to 38% of Italian consumption.
The Algerian public company Sonatrach will now deliver an additional four billion cubic meters of gas before winter, in addition to the three already announced in April. Supplies are expected to increase by around nine billion cubic meters per year by 2024 and pass through the Transmed gas pipeline.
Cooperation between Rome and Algiers will also focus on “the development of renewable sources, in particular green hydrogen and solar, wind and geothermal energies”. They will continue to work together “for stability in the Mediterranean, starting with the Libyan crisis and the difficulties in Tunisia”.
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