NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Italy to announce Africa energy cooperation plan in October, says PM

Published 14/04/2023, 17:12
© Reuters. FILE PHOTO: Italian Prime Minister Giorgia Meloni speaks during a news conference with Israeli Prime Minister Benjamin Netanyahu after their meeting at Palazzo Chigi, in Rome, Italy, March 10, 2023. REUTERS/Guglielmo Mangiapane
ENRY
-

ROME (Reuters) - Italy's government will announce a plan focused on energy cooperation with Africa in October, Prime Minister Giorgia Meloni said on Friday during a visit to Ethiopia.

The so-called "Mattei plan", named after the founder of Italian energy group Eni, Enrico Mattei, aims to turn Italy into a major energy hub, distributing gas from North Africa and the Mediterranean to the rest of Europe.

Meloni said her country planned to host a summit with African nations in October during which the plan would be presented.

© Reuters. FILE PHOTO: Italian Prime Minister Giorgia Meloni speaks during a news conference with Israeli Prime Minister Benjamin Netanyahu after their meeting at Palazzo Chigi, in Rome, Italy, March 10, 2023. REUTERS/Guglielmo Mangiapane

"I think it could be the right occasion to finally present our Mattei Plan," she said in Addis Ababa, in comments broadcast by RAI public television.

African countries such as Algeria last year replaced a significant part of Italy's gas imports that previously came from Russia.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.