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.
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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.
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Giorgia Meloni, a far-right politician in Italy, won the country’s elections, with near-complete results giving the right-wing coalition a majority.
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By GlobalDataParties 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.
The Kremlin mandated that “unfriendly states” pay for pipeline gas in roubles earlier this year and stopped supplying gas to those who refused.
After the invasion of Ukraine, Russia disrupted all energy supplies to Europe, citing Western sanctions. Last month, Gazprom shut down gas flows through its key Nord Stream 1 pipeline to Germany.
