Italy

Algeria to provide Italy with additional gas

cde.news desk 16 July 2022, 10:40 · 1 min read

A part of the newly inaugurated Arab Gas Pipeline Project is seen near the Egyptian town of Taba, Sunday 27 July 2003, where Egyptian President Hosni Mubarak and Jordan's King Abdullah open the first phase of the pipeline that will eventually carry natural gas from Egypt to Jordan, Lebanon, Syria, Turkey and onto Europe. The first part of the pipeline which will provide Egyptian gas to Jordan was opened today with 16 km of the pipeline going under the Gulf of Aqaba to the port city of Aqaba, Jordan. EPA PHOTO/EPA/STR

Algeria will provide Italy with an additional four billion cubic metres (bcm) of gas this year, on top of the 21 bcm planned previously, an official source told Reuters.

State oil producer Sonatrach plans to start increasing supplies next week to Italian customers including Eni, the source said.

Tighter global energy markets have raised demand for Algerian gas, helping the North African OPEC member turn the page on years of declining state revenues.

Sonatrach is already a key gas supplier for countries including Italy, Spain and Portugal, and has said it is reviewing its gas pricing with all clients to take advantage of the favourable market.

The company has also been approached by Eastern European countries seeking new sources of gas, it has said.

Algeria’s total gas exports last year were 54 billion cubic metres according to official figures.