As the European nations lead the world into the clean and green revolution, Italy is one of the few European countries that’s still catching up with the change. However, it has made some significant strides in the past couple of years.
Italy after the economic and political crisis is finally getting on its feet. The nation is still combating the energy problems but has made good advancements in the field. The previous year’s data shows that Italy consumed 72.7 billion m3 of gas of which 67.9 billion m3 (93%) was imported and about 5.5 billion m3 (7%) was produced domestically. The import of gas has risen which is a result of a decrease in domestic production. This data was reported by the Italian Ministry of Economic Development. Stefano Saglia, from the Board of the Italian Regulatory Authority for Energy, Network, and Environment (ARERA) stated that LNG plays a crucial role in the natural gas market, providing some security to the energy supplies. The regulations from ARERA for the allocation of regasification through auctions is one of the best processes in Europe. Italy’s ambition to become a gas hub is complementary to its growth in the use of renewable energy resources. Adriatic LNG has been crucial to the regasification activities of its terminal which is located off the Veneto coasts. The terminal is a strategic infrastructure for Italy, supplying 10% of national natural gas consumption and contributing to the energy transition towards more sustainable sources.
Italy is slowly making its way towards the renewable energy sources and aiding its economic as well as energy crisis. The new political leadership also has plans for the country’s energy vision and is working on making changes for betterment.