FAST FIVE: Russian Gas Stops Flowing To Italy After 'Problem' In Austria

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Russian Gas Stops Flowing To Italy After 'Problem' In Austria Russian energy giant Gazprom PJSC suspended natural gas deliveries to Eni SpA, Italy's largest oil company, on Saturday, reported Bloomberg.  “Gazprom informed that it is not able to confirm the gas volumes requested for today, stating that it's not possible to supply gas through Austria.

It's important to note most of the Russian NatGas delivered to Italy flows through Ukraine via the Trans Austria Gas Pipeline to Tarvisio in northern Italy on the border with Austria.

Before Russia invaded Ukraine, Italy imported 95% of its NatGas, of which 45% came from Russia.

The new suppliers will help Italy boost storage levels ahead of winter.  “Outgoing Prime Minister Mario Draghi has been scouring the globe to secure gas supplies to protect Italy from potential supply interruptions from Russia, which has been putting pressure on the European Union over several rounds of sanctions in response to the invasion.

And less than a day after Russia annexed four regions in Ukraine, as well as Ukraine, applied to join NATO.  Tyler Durden Sat, 10/01/2022 – 11:00.

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