Gas to Italy Draghis surprise train

Gas to Italy, Draghi’s surprise train

Mario Draghi gets a “small win” at the Brussels European Councila bright spot for Italy on the gas issue andenergy (here we treated the question of Russian gas and how long it would take Italy to replace it). On the one hand, the prime minister got a positive result on voluntary joint purchases of gas and so on Mandatory retentionon the other he got two new recarburetors in addition to the three that are already operational in our country.

Two novelties that come along with US aid regarding the LNG (Liquefied Natural Gas), provide the decisive boost for the presentation of a plan for diversification within two weeks.

Two new recarburetors: what they are

The United States commits to provide 15 billion cubic meters of gas to Europe by the end of the year, aiming to reach another 50 billion cubic meters by 2030. Una promise help which, Draghi points out, raises the issue of distribution.

They are “distributed in proportion so as not to create disagreements. The important thing is to see if we have them regasifier‘ said the Prime Minister. These are systems that allow the recirculation of a liquid, normally found in nature in the form of gas, from the liquid to the gaseous state of aggregation. The bestknown systems of this type are the LNG regasifiers, which are used in the natural gas transport circuit.

Italy currently has three in operation: one very large and two smaller ones. the Minister Cingolani however, there were instructions to Snam Rete Gas to buy two more, “Floating ships, not on land”. A foundation that would allow us to absorb our share of American gas.

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Will there be a cap on gas prices?

At the European summit, Mario Draghi raised several issues. Underneath they stick out Support for families and businesses and the Taxation of Extraordinary Gains by manufacturing companies to mitigate the impact ofincrease in bills (here we explained why the bloodletting will be in April). The Prime Minister also spoke of the possibility of a Upper limit for the gas price.

A point by “Price Cap”, which met with considerable resistance. “A cap is set, also to make it work, at a price at which a seller is still comfortable delivering gas,” Draghi recalled. The Commission will discuss these options with you interested personstherefore, in large companies, the shift decision in May.

The energy plan: Does calm also come from the supply?

LNG made in the USA drives Italy on the path to diversification. According to the Prime Minister, progress for the first batches will be significant and also rapid. “We will be able to diversify quickly up to 30%, 40%, 50%. But then, as we get closer to 100%, it gets harder and harder.” In a few weeks, however, the government is expected to file a detailed diversification plan.

However, the sword of Damocles represented by the Putin’s request for gas payment in rubles. A move that doesn’t bother me ECBafter which there will be none reduction in deliveries. However, it is undeniable that the road to peace also leads in Ukraine energy problem and in general, come on Relations between Russia and the West.

At the root of these upheavals, however, is a war that has yet to be stopped. “I too will hold talks with Putin: This is therefore the first important thing to consider. We are not at war because a war fate is being pursued. They want peace first of all‘ Draghi said.