MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

MNI: UK MAR RETAIL SALES +0% M/M, +0.8% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Italy Looking to Increase Gas Supply from Africa: Eni

NATURAL GAS

Italy can significantly increase gas imports from Africa and send supply to northern Europe with infrastructure improvements in the next few years according to Eni CEO Claudio Descalzi.

  • Italy imports gas via the TransMed pipeline from Algeria, a pipeline from Libya and LNG imports from Egypt, Angola, Congo Republic and Mozambique.
  • Eni and Sonatrach on Monday agreed to study joint projects to improve Algeria's energy export capacity. Algeria was the biggest gas supplier to Italy last year.
  • "We are the only ones to have a connection with Algeria... which has a capacity of about 36bcm of gas and is still under-utilised. There are still more than 10bcm that can reach Italy," said Descalzi.
  • "We have a connection with Libya that is now worth about 12-14bcm in terms of capacity, which can go up with adequate compression additions of several billion," Descalzi added.
  • Italy is also looking to double the Trans Adriatic Pipeline capacity, importing Azeri gas, to 20bcm.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.