Italy Gas Imports to Soar as Power Markets Converge
Natural gas imports to Italy will soar in the next decade to cater for growing demand driven by electricity generation and industry, a conference heard yesterday. Gas imports are projected to surge to some 90 billion cubic meters in 2010 from about 60 billion now, the Gulf News reported Wednesday.
Quoting Davide Tabarelli, director of Bologna-based constancy RIE-Ricerche Industriali Energetiche (RIE), as saying at the conference in Milan "a drop in domestic output will make strong growth in imports necessary to cover increasing demand."
According to Italy's dominant electricity utility Enel, demand by the thermoelectric generating sector for natural gas is set to grow by around five percent a year from 1999 to 2010, against three percent consumption growth for industrial users and one per cent demand growth for households, the daily added.
Italy is Europe's fourth biggest electricity market. "Closer toward 2010 we foresee difficulties covering demand," Tabarelli told the conference.
He voiced concerns about agreeing fair prices in future with Italy's main gas suppliers - Algeria, Russia, Libya and the Netherlands - as the sellers would have more clout in the marketplace -- Albawaba.com
© 2000 Al Bawaba (www.albawaba.com)