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Enel ready to resume LNG plan as Italy steps up gas hunt

From zawya.com

Italy's biggest utility Enel is ready to dust off plans to build a liquefied natural gas (LNG) terminal in southern Italy as Rome steps up its efforts to find alternative supplies to replace Russian gas. The plan will form part of Italian efforts to wean itself off Russian gas. Italy aims to become independent of Russian gas imports within 24-30 months, Energy Transition Minister Roberto Cingolani said on Tuesday. In comments to Reuters on Tuesday Enel said it would be useful for Italy to have two additional LNG terminals so as to be less tied to gas pipelines. "For this reason, Enel has given availability to ... (full story)

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  • Category: Fundamental Analysis