Russia’s energy giant, Gazprom has announced plans to resume gas flows to Italy via Austria.
“Gazprom , jointly with its Italian buyers, has managed to find a solution regarding the format of cooperation against the background of regulatory changes that were introduced in Austria in late September this year,” the company said in a tweet.
The Austrian operator, Gas Connect Austria , indicated its willingness to accept the transit nominations of Gazprom exports, allowing Russian gas deliveries to restart throughout Austria.
Russian gas now accounts for roughly 10% of Italian imports, down from around 40% previously, while Algeria and the Nordics have increased their share in Italian gas, Reuters says.
Gazprom said it stopped natural-gas supplies to Italy over the weekend after failing to obtain authorisation for pipeline flows through Austria.
Giorgia Meloni, a far-right politician in Italy, won the country’s elections, with near-complete results giving the right-wing coalition a majority.
Parties across the political spectrum campaigned for new natural gas supplies to reduce reliance on Russian energy. Before the invasion of Ukraine, Italy received 40% of its imported gas from Russia. The rate dropped to 25% by the summer of 2022 and rapidly declined as Russia decreased its gas supply.