Italy to sign deal in Algeria to increase gas imports

Italy’s Prime Minister Mario Draghi will visit Algeria on Monday to sign an agreement to ramp up gas imports, two sources said, as Rome steps up efforts to tap alternative flows following Russia’s invasion of Ukraine. Draghi will travel with a delegation that is expected to include the head of Italian energy group Eni, Foreign Minister Luigi Di Maio and energy transition minister Roberto Cingolani, a government source said. Italy, which sources about 40% of its gas imports from Russia, has been scrambling to diversify its energy supply mix as the conflict in Ukraine escalates. Earlier this wee…

Read More