North Africa will be Italy's key gas supplier for years, Eni top exec says

[1/3] The sign of Italian energy Eni company is seen while cars fill tanks at a gas station of Egyptian International Gas Technology "Gastec" in the Red Sea resort of Sharm el-Sheikh, south of Cairo, Egypt February 6, 2021. Last year Eni (ENI.MI), Italy's largest importer of natural gas, reacted fast to a fall in the supply of Russian gas by shipping increasing volumes from Africa to its home country. This shift, made possible by the group's decades-long presence on the continent, has made Algeria Italy's largest supplier of gas, replacing Russia. In this context, Eni is rolling out multi-billion investments to guarantee exports to Italy, serve the African market and get ready to ship more gas to Europe. In Algeria Eni sees its production growing to over 120 KBOED this year from 95 KBOED.