After Germany, the Russia also cuts the flow of gas to Italy: this is 15% of supplies. The reasons have not yet been disclosed, but Eni "is constantly monitoring the situation and will communicate any updates," reports the six-legged dog. In fact this is not causing a supply problem right now, because there are still enough reserves, but it is causing a rising gas prices because the market is worried and in the meantime Russia is making money given the enormous energy dependence of some European countries, above all Germany and Italy.
And what do Europeans do? They go hunting for gas. It fits into this context the agreement signed today June 15 by EU, Egypt and Israel, announced by Ursula von der Leyen, President of the European Commission. An agreement that precludes a series of agreements in the Middle East that should bring more gas to Europe and finally free us from dependence on Moscow.
The Russian energy giant had announced yesterday, Tuesday 14 June, that it had to cut of 40% its deliveries to Germany through the most important gas pipeline, the Nord Stream 1, for technical reasons. According to Bloomberg, some components of the Baltic Portovaya compressor under repair would be stranded abroad due to international sanctions against Russia. This would prevent the return of the turbine manufactured by Siemens Energy AG, which is currently under maintenance in Canada.
EU-Israel-Egypt agreement on LNG
The goal is clear: to reduce energy dependence on Russia. “A historic understanding – specified the president of the EU Commission – between Egypt, Israel and the European Union”. “We know the enormous wealth and opportunities that exist in the energy forts of the Eastern Mediterranean,” von der Layen stressed.
According to representatives of the Israeli energy ministry, the gas will be sent to liquefaction plants in Egypt and from there shipped to European markets. The use of Israeli natural gas – coming from new fields discovered off the coast of the country – was the subject of yesterday's meetings in Jerusalem of both Italian Prime Minister Mario Draghi and von der Leyen.
Furthermore, Von der Leyen highlighted that "we are building an infrastructure" which must also be ready for the "transport of tomorrow's clean energy", i.e. hydrogen.
