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HomeBusinessItaly signs Angolan gas deal amid Russia tensions

Italy signs Angolan gas deal amid Russia tensions

Italy and Angola have struck an agreement on energy cooperation as European countries aim to lessen their reliance on Russian gas. According to privately-owned Angola24Horas, the agreement intends to “boost Angolan gas exports and lessen the European country’s reliance on Russian gas supplies.”

It was signed in Luanda, Angola’s capital, by Angolan Mineral Resources Minister Diamantino Azevedo and Italy’s Ecological Transition Minister Roberto Cingolani.

Italy signs Angolan gas deal amid Russia tensions 2

Eni, an Italian multinational, is a key player in the Angolan oil and gas industry.

On Monday, Prime Minister Mario Draghi signed an agreement with Algeria to purchase more of its gas, signalling the country’s continued efforts to lessen its reliance on Russia. Russia supplies over 40% of Italy’s gas.

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Pooja Singh
Myself Pooja Singh, I have done master's in Mass Communication & Journalism from Tezpur University. I am working here as a content writer. Being a media student I have nose for news. I am always keen and eager to learn new things so that my skills can be enhanced. I love to write about entertainment, politics, environment etc. so I turned my passion to profession.


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