MILANO – Gas is always the special observation of international markets and starts the week with a sharp rise in the Amsterdam market: futures contracts for the month of July rise by more than seven percentage points, after having touched 130 euros at the Dutch Ttf hub, to then deal in the area of € 127 per megawatt hour.
In the meantime, Gazprom will deliver smaller volumes of gas than requested by Eni, according to the GE technical platform. The six-legged dog was the protagonist of intense work on the energy front over the weekend. Eni led by Claudio Descalzi has in fact announced an important agreement in Qatar: Eni is ready – said the head of the company – to work with QatarEnergy “on the North Field East project” to positively contribute to increasing the security of gas supply. world level “. QatarEnergy will hold a 75% stake and Eni the remaining 25%. The project, explained Eni, will allow the export capacity of Qatar’s LNG to be increased from the current 77 Mtpa to 110. The agreement, the negotiation of which was launched in 2019, has a duration of 27 years and significantly strengthens Eni’s presence in the Middle East: Qatar has some of the largest natural gas reserves in the world. 2025. Meanwhile, a short-term strategy is also needed to plug any gaps in Russian supplies.
Yesterday, quantities arrived from Gazprom in line with previous days. In Germany, the government relies on coal and the public bank Kfw to deal with the emergency and increase storage. “The fact is that it is a sort of tug-of-war, with Vladimir Putin having the longest arm. But that doesn’t mean that you can’t have the strongest arm by exerting force,” said the German minister of power. Economy and Climate Robert Habeck to Zdf heute journal referring to the gas emergency. “The tense situation and high prices are a direct consequence of Putin’s war against Ukraine – his words reported by the Guardian – There is no mistake. Putin’s strategy is to upset us, raise prices and divide us. We will not allow it. We defend ourselves in a resolute, precise and thoughtful way, “he added
In Italy too, the government aims to accelerate reserves: now stocks are full up to 54%, but the aim is to reach 80-90% by the summer. The Italian plan will be on the government table tomorrow: the Technical Committee for Emergency and Natural Gas Monitoring, set up at the Ministry of Ecological Transition, will also discuss the possibility of raising the current state of early warning to “alarm”. Immediately after, perhaps on Wednesday, Minister Roberto Cingolani will assess the situation with the Committee and the gas supplier companies.