Impact of Nord Stream 2 and Turkstream on the Italian gas market and the importance of TAP

Beginning of this month in Vienna has been signed an agreement to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading for the Russian gas supplies to Austria. The current contract is valid until 2028. The Italian gas market stakeholders didn’t pay too much attention on this message.

In the last two years the European gas consumption is rising and the cold weather in Europe between end of February and beginning of March 2018 led to record daily import volumes of Gazprom at that time. Gazprom Export reported for 2nd March 2018 a daily import quantity to Europe of 713.4 million cubic metre which has never been reached before.

Why should this contract extension and in general the plans of Gazprom to bypass the Ukrainian transit route attract much more the interest of Italian stakeholders……..

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Gas Natural exits Italy in €1.02B assets divestment

[vc_row][vc_column][vc_column_text]Spanish utility Gas Natural Fenosa after 13 years will sell €1.02 billion worth of Italian assets. The group has agreed to two separate sales with gas distributor 2i Rete Gas and energy group Edison, in the amounts of €727 million and €293 million, respectively. 2i Rete Gas, owned by F2i and Ardian will purchase 100%…

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