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NATGAS: Italy Gas Infrastructure Investment Ignores Declining Demand: IEEFA

NATGAS
CommoditiesCEEMEAEurozoneEnergy BulletsItalyBulletPower Bullets

Italy’s investment in gas infrastructure ignores declining demand, potentially leading to lower utilisation rates for Italy’s expanding fleet of regasification terminals, IEEFA reports.

  • Italy could triple its regasification capacity from 16.1bcm in 2022 to 47.5bcm in 2026, according to the IEEFA, as the nation seeks to become a gas hub for Europe. Italy’s LNG import capacity is expected to increase by 22% in Q1 2025, as the 5bcm Ravenna FSRU starts-up.
  • “This investment does not align with the country’s declining gas and LNG demand in recent years” – IEEFA. Italy’s energy regulator ARERA shared a similar sentiment in a research report published last year.
  • Italy’s gas demand has fallen by 19% between 2021 – 2024. LNG imports to Italy fell 12% last year, following a 71% expansion across 2021 to 2023, according to Kpler.
  • By 2030, Italy’s gas consumption could amount to less than one third of its regasification capacity, according to the IEEFA.
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Italy’s investment in gas infrastructure ignores declining demand, potentially leading to lower utilisation rates for Italy’s expanding fleet of regasification terminals, IEEFA reports.

  • Italy could triple its regasification capacity from 16.1bcm in 2022 to 47.5bcm in 2026, according to the IEEFA, as the nation seeks to become a gas hub for Europe. Italy’s LNG import capacity is expected to increase by 22% in Q1 2025, as the 5bcm Ravenna FSRU starts-up.
  • “This investment does not align with the country’s declining gas and LNG demand in recent years” – IEEFA. Italy’s energy regulator ARERA shared a similar sentiment in a research report published last year.
  • Italy’s gas demand has fallen by 19% between 2021 – 2024. LNG imports to Italy fell 12% last year, following a 71% expansion across 2021 to 2023, according to Kpler.
  • By 2030, Italy’s gas consumption could amount to less than one third of its regasification capacity, according to the IEEFA.