Italy Lines Up Gas Deal With Algeria In Effort To Cut Dependence On Russia
It is the latest in a series of moves by European countries to secure alternative fuel sources, as they seek to cut Russia off from the world economy as punishment for war. Italy buys about 30 billion cubic meters of gas a year from Russia, 40 percent of its total consumption. Algeria is Italy’s second largest supplier, supplying 21 billion cubic meters per year – about 31 percent of annual consumption....