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Italy Could Face 5-6bcm Shortfall Next Winter: Eni CEO

NATURAL GAS

Italy could face a gas shortfall of 5-6bcm in the 2023-24 winter without a new regasification terminal the CEO of Eni said today.

  • "We absolutely need a new LNG terminal, otherwise accounts do not add up," Descalzi said during an energy conference.
  • "We might be short of 5-6 billion cubic meters in winter 2023-2024."
  • "Algeria will reach 27 billion cubic meters next year, while Russia earlier accounted for 29 billion cubic meters. It's crucial that Algeria goes on like that. We travel there every 10 days to make sure that everything is fine," Descalzi said.
  • He said that Algeria would cover 38% of Italy’s gas needs next year versus 12% pre-invasion.
Energy BulletsCommodities
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