As European countries struggle to find alternatives to Russian energy due to the war in Ukraine, Africa seems to be an attractive option for Italy.
The Italian government recently signed contracts with Algeria, Egypt, Angola, and the Republic of Congo to increase natural gas imports from the Italian energy giant ENI Spa, which is already present in more than a dozen African countries.
In addition to 9 billion cubic meters of gas a year, Algeria is expected to become Italy’s largest gas supplier by 2023-2024 based on the deal signed between ENI and Algeria. Additionally, Liquified Natural Gas (LNG) will be sent to Italy under an agreement with Egypt.
As a result, ENI agreed to increase Italy’s gas imports from Angola and the Republic of Congo while encouraging joint renewable and LNG projects. Over 4.5 billion cubic meters of gas will be imported from Central African countries each year.
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