News Karnataka
Tuesday, October 04 2022

Rome: ‘Italy can get through winter without Russian gas’

russian gas
Photo Credit : IANS

Rome: The head of Eni, Italy’s largest oil and gas company said he thought his country would be able to make it through the upcoming winter without major problems despite Russia’s decision to cut off gas supplies, Italian media reported.

Based on increased gas imports from Algeria, nearly full natural gas reserves and energy conservation measures, Italy should be able to get through the winter without Russian gas as long as there were no prolonged spells of unusually cold weather, said Claudio Descalzi, Eni’s Chief Executive Officer (CEO), on Thursday at the Milan-Paris Capitals event.

Before the start of the conflict in Ukraine, Italy was the second largest importer of Russian gas in the EU behind only Germany, Xinhua news agency reported.

“If the winter is mild on average, we will be able to make it,” he added.

“We must be very focused. This winter will be the most difficult. We have to diversify energy sources and, obviously, it is necessary to continue on the path for renewables.”

Descalzi also outlined Eni’s strategy to reduce the company’s reliance on Russian gas. Eni, a multinational company, also operates in countries not subject to Russia’s decision to cut off gas supplies to the European Union (EU).

“Between this year and next, our plan is to reduce by just over 50 per cent the amount of gas we import from Russia,” the CEO said.

“By 2023 and 2024, we will reach an 80-per cent reduction and we will be 100 per cent free of Russian gas by 2024-2025.”

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp