Italy joins the race for Algerian natural gas
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Golden Ten Data, March 20 — According to informed sources, due to the disruption of energy transportation caused by the Iran war, Italy is negotiating with Algeria to purchase more natural gas from the country. According to relevant sources, Italy's Eni Group is renegotiating contracts with Algeria's Sonatrach, attempting to secure more natural gas. Algeria's Sonatrach has requested that Italy purchase any additional fuel from the spot market. They stated that natural gas traded on the spot market can be delivered immediately, but prices are higher. These sources said it is still unclear whether Italy will accept these terms. Italy's move reflects the growing concerns among European countries about securing oil and gas supplies, as well as Algeria's status as an important alternative supplier. Countries connected to the region by pipelines may begin to compete for more supply.
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