Italy is enhancing its overall energy security by significantly increasing investments in both energy transition and conventional hydrocarbon infrastructure. By 2027, the Italian grid operator SNAM will invest approximately $12.5 billion or 11.5 billion euros in its energy transition business, covering transport, liquefied natural gas infrastructure, and storage. Additionally, EUR 1.4 billion will be used to expand or upgrade storage sites, and EUR 1.5 billion will be spent on LNG infrastructure. Venier highlighted the need to take all measures to counter potential energy supply security issues in Italy. Italian energy supply also still is under pressure of ongoing instability inside of Libya, while the pressure is on for Egypt’s LNG potential.

Source: The North Africa Journal January 27, 2024 15:34 UTC