Gas supplies fromAlgeria to Italy will amount to approximately 25.2 billion cubic meters in 2022, up more than 20% from last year’s 20.9 billion meters. He stated this in an interview with Bloomberg Toufik Hakkarchief executive of the state energy company Sonatrach. “The supply prospects of the Italian market, but also of the markets connected to Italy are promising,” said Hakkar, adding that he expects additional volumes “in the coming weeks”.
Hakkar’s words follow press rumors from the two countries, according to which Sonatrach would struggle to find the additional volumes of natural gas promised by Algeria to Italy and the agreement between the two countries may not be implemented on schedule.
The volume of gas pumped into Italy under long-term contracts will be around 21.6 billion cubic meters this year, while the amount sold with spot transactions is likely to amount to 3.6 billion cubic meters, explained the number one of the African state company. “Sonatrach reassures its Italian customers of its ability to supply contracted volumes for the entire contract period,” added Hakkar.
Meanwhile, the minister of ecological transition Roberto Cingolani has confirmed that the decree it provides the fixing of the gas price cap (price cap) companies should be signed “next week after the elections”.
Prime Minister Mario Draghi, on the other hand, called for more to be done, especially at European level. “As Italy has long argued, the European Union must impose a ceiling on the price of gas imports, also to further reduce the funding we send to Russia. Europe must support the member states while they support Kiev“; he told the UN General Assembly.