Money Talks

Italy signs agreement for natural gas supplies from Algeria


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Italy has signed a new deal to buy more natural gas from the North African nation of Algeria. Italian Prime Minister Mario Draghi says the agreement is a significant step to reducing his country's reliance on Russian gas. Details of the deal were not immediately available. Algeria is the EU's third-largest gas supplier, behind Russia and Norway. The Algerian state energy company Sonatrach says Europe is the 'natural market of choice' for Algerian gas, which accounts for around 11% of Europe's gas imports.
#Italy #Algeria #NaturalGasDeal
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