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Business Maverick: Italy Sees No Need to Trigger Emergency Gas Alert Amid Higher Africa Flows

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Italy’s government does not see an immediate need to trigger an emergency gas alert and could put on hold a plan to take that decision as soon as this week following an increase in flows from other countries, according to a person familiar with the matter.

Energy importer Eni SpA said in recent days that its gas demand from Russia has only been partly met, leading to discussions by the Italian government over possibly triggering emergency energy status for the country, which among other things would scale up the use of coal.

A spokesman for Germany’s Economy Ministry said at a Monday news conference that, despite the latest policy reversal, the ruling coalition in Berlin is standing by a pledge to aim for a complete exit from coal by 2030.

State-controlled Eni on Sunday became the second foreign firm to win a stake in a $29 billion project to expand Qatar’s production of LNG with a 3.1% holding in the project.

 

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