The government’s aid package would be effective for three months, the official added, as Italy expects energy prices to start declining after the end of the winter season.
Salvini also expressed hope that there would be a ceasefire in Ukraine in the next three months, which would help lower energy prices.
Consumption of the super-chilled gas may be less than a third of Italy’s import capacity by 2030, the Institute for Energy Economics and Financial Analysis said Monday in a report. Italian demand plunged 19 percent between 2021 and 2024, while LNG import capacity is set to triple in the five years through 2026.
The Italian oil and gas company Eni has completed the combination of its upstream oil and gas assets in the United Kingdom with Ithaca Energy. The £754m (€900m) merger deal, however, excludes Eni’s East Irish Sea assets and CCUS activities.
Italian offshore energy services firm Saipem has secured work two offshore projects in Saudi Arabia, under the existing long-term contract with Saudi state-owned oil and gas giant Saudi Aramco.
Italian energy group Eni SpA is looking to raise more than €4 billion ($4.3bn) from disposals in its global upstream business, people familiar with the matter said.
Eni SpA is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about €1 billion ($1.1 billion), according to people with knowledge of the matter.
Italian oil and gas company Eni has divested a 10% interest in oilfield services provider Saipem in a deal valued at €393 million (US$422.48 million).
Prime Minister Olzhas Bektenov and Upstream Director of the Italian company ENI Luca Vignati reviewed ongoing joint work at the Karachaganak and Kashagan fields and explored opportunities for launching new projects in renewable energy sources at a meeting on March 27, reported the Prime Minister’s press service.
Gas flows from Libya to Italy have resumed after an interruption that lasted about two weeks due to a vast restructuring of the Mellitah plants, located on the North African coast.
CAIRO — Italy’s prime minister held talks in Libya on Saturday with officials from the country’s west-based government focusing on energy and migration, top issues for Italy and the European Union. During the visit, the two countries’ oil companies signed a gas deal worth $8 billion — the largest single investment in Libya’s energy sector in more than two decades.