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Russia’s share of Italy’s fuel imports has dropped by 37% over the previous six months
Italy has overtaken Germany by way of slicing Russian fuel imports, Bloomberg reported on Wednesday.
In line with the outlet, which cites every day transport knowledge from the Italian power infrastructure firm SNAM, Russia’s share of Italy’s fuel imports has fallen from 40% to 25% over the previous six months.
Compared, Germany, Europe’s largest economic system, nonetheless is determined by Russian fuel for round 35% of its imports, the report states.
Following the launch of the Russian army operation in Ukraine again in February, the Italian authorities made a strategic resolution to seek out different sources of gas, Italian Prime Minister Mario Draghi informed reporters on July 12.
“Italy can’t be in a scenario of geopolitical dependence. That is unacceptable. We acted shortly,” Draghi mentioned.
To be able to diversify provides, the federal government and state-owned firm Eni agreed to extend imports from African international locations. In line with SNAM, Italy now imports twice as a lot fuel from Algeria than from Russia.
Additionally, SNAM not too long ago purchased two floating storage regasification models so as to add liquefied pure fuel (LNG) capability. In the meantime, fuel storage services in Italy are at present about 60% full, Bloomberg notes.
Europe has been within the grip of an power disaster ever since final yr, however the scenario was not too long ago exacerbated by the EU’s sanctions in opposition to Russia. The bloc adopted a plan dubbed REPowerEU, which goals to cut back Europe’s total power dependence on Russia. Beneath the plan, Brussels goals to fill fuel storage services to at the very least 80% by early November with a view to put together for the subsequent heating season.
Additionally, European governments have been urging the general public to save lots of electrical energy now to keep away from having to chop again on consumption within the winter. Nevertheless, the summer season heatwave is making it tough as persons are compelled to make use of air con. Some international locations, together with Germany and Italy, have been contemplating reopening coal-fired energy crops and rationing fuel with a view to assist mitigate the disaster.
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