Gas flows from Gazprom to Italy down by 15%

According to Eni, the gas flows from Russia’s Gazprom into Italy were down by around 15% Wednesday, compared to the previous day. The spokesperson added that there was no explanation for the drop in gas flows.

Italy imported 40% of its gas imports last year from Russia, which is approximately 29 billion cubic meters.

The spokesman stated that Eni confirmed that Gazprom had communicated a reduced gas supply for today of approximately 15%. He said that Eni continues to monitor the situation.

Gazprom announced Tuesday that it had cut gas supplies via Nord Stream 1’s undersea pipeline to Germany by up to 100,000,000 cubic metres per day. This is down from 167 mcm. Gazprom cited the delayed return of equipment sent for repairs.

On Wednesday, Russian gas flows via Nord Stream were slightly higher than usual.

Rome is trying to diversify its energy supply after the Russian invasion of Ukraine in February.

It was a race to reduce Rome’s dependence that saw the Italian ministers tap numerous countries such as Angola, Congo Republic, Azerbaijan, Qatar, and Azerbaijan.

Eni, a company with a strong presence across Africa, recently signed a deal to increase North African gas supplies.

On Wednesday, Israel and Egypt signed a framework deal with the European Union that pled to increase gas exports to the bloc.

A lot of Israeli gas is already being sent via pipeline to the liquefaction plants along Egypt’s Mediterranean coast. From there, it is re-exported in liquefied natural gases (LNG).

Officials expect LNG shipments from Egypt to Europe will increase under the agreement. However, they stated that it could take several years before exports can be substantially expanded.

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