Italian Company Planning To Make Russian Gas Irrelevant By 2025 [???]
September 22nd, 20222025? What’s the plan for the next several months?
Via: OilPrice:
Italian Eni has vowed to fully replace Russian gas by 2025 thanks to major developing LNG projects from Africa to the Middle East and major discoveries in the Eastern Mediterranean.
Eni’s Chief Operating Officer Guido Brusco told attendees of the Gastech conference in Milan on Tuesday evening that the Italian energy giant “plans to fully replace Russian gas by 2025 helped by east med fields”.
Israel’s Leviathan gas fields are the answer. And Russia knows it. Right there, you have a reason for Russia to take a special interest in the Middle East (which it now considers part of its “neat abroad”). And sure enough… they have been seeking basing rights all around the eastern Med since the previous decade, and retain a solid military presence in Syria, right on Israel’s doorstep.