Italy S Mario Draghi To Visit Algeria As Country Aims To Wean Itself Off Russian Natural Gas

Italian Prime Minister Mario Draghi is expected to visit Algeria on Monday as part of a plan for his country to wean itself off Russian gas. Italy, like other European nations, is desperately looking for alternatives to gas from Russia since its invasion of Ukraine. About 40% of total imports come from Russia. Italian Prime Minister Mario Draghi listens to questions from journalists during a joint press conference with Dutch Prime Minister Mark Rutte at the Palazzo Chigi’s government office in Rome on Thursday, April 7, 2022. | AP Newsroom Algeria is Italy’s second largest supplier of natural gas, which is the country’s main source of electricity, supplying about 21 billion cubic meters of natural gas via the Mediterranean pipeline. BIDEN ENERGY POLICIES WARN RUSSIA AND CHINA The Italian energy company ENI has been operating in Algeria for almost 40 years. Last month, the company announced a major oil and gas discovery in Algeria and said it would work with Algerian partner Sonatrach to accelerate growth for the third quarter of this year. Draghi is expected to travel to Algeria with a delegation, including the head of the Italian group Eni ENI.MI, Energy Minister Robert Chingolani and Foreign Minister Luigi Di Maio, a government source told Reuters. In addition to Algeria, the Italian Foreign Minister has traveled to Azerbaijan, Qatar, Congo, Angola and Mozambique to secure more agreements. CLICK HERE TO DOWNLOAD THE FOX BUSINESS APPLICATION Algeria’s exports have been hampered by rising domestic consumption, a lack of investment and political instability, and the closure of a pipeline to Spain over a dispute with Morocco. The Associated Press contributed to this report.

title: “Italy S Mario Draghi To Visit Algeria As Country Aims To Wean Itself Off Russian Natural Gas " ShowToc: true date: “2022-10-27” author: “Kathryn Harris”

Italian Prime Minister Mario Draghi is expected to visit Algeria on Monday as part of a plan for his country to wean itself off Russian gas. Italy, like other European nations, is desperately looking for alternatives to gas from Russia since its invasion of Ukraine. About 40% of total imports come from Russia. Italian Prime Minister Mario Draghi listens to questions from journalists during a joint press conference with Dutch Prime Minister Mark Rutte at the Palazzo Chigi’s government office in Rome on Thursday, April 7, 2022. | AP Newsroom Algeria is Italy’s second largest supplier of natural gas, which is the country’s main source of electricity, supplying about 21 billion cubic meters of natural gas via the Mediterranean pipeline. BIDEN ENERGY POLICIES WARN RUSSIA AND CHINA The Italian energy company ENI has been operating in Algeria for almost 40 years. Last month, the company announced a major oil and gas discovery in Algeria and said it would work with Algerian partner Sonatrach to accelerate growth for the third quarter of this year. Draghi is expected to travel to Algeria with a delegation, including the head of the Italian group Eni ENI.MI, Energy Minister Robert Chingolani and Foreign Minister Luigi Di Maio, a government source told Reuters. In addition to Algeria, the Italian Foreign Minister has traveled to Azerbaijan, Qatar, Congo, Angola and Mozambique to secure more agreements. CLICK HERE TO DOWNLOAD THE FOX BUSINESS APPLICATION Algeria’s exports have been hampered by rising domestic consumption, a lack of investment and political instability, and the closure of a pipeline to Spain over a dispute with Morocco. The Associated Press contributed to this report.