Italy offers natural gas trading potential

Italy could become the crossroads of Europe’s natural gas trade with new supplies due from a $5.6 billion pipeline link to the Caspian Sea

500km 300 miles

Major gas pipelines (selected)
Atlantic Ocean
SPAIN
ITALY
UK
2
33 Sea
North Sea
NORWAY
RUSSIA
FRANCE
Caspian
ALGERIA
Black Sea
TURKEY
Mediterranean Sea 
5
2
2
2
4
1
Trans  Anatolian Natural Gas Pipeline (due 2018)


1 Trans-Adriatic Pipeline: Gas from Caspian Sea expected to arrive by 2020, helping to reduce Europe’s reliance on Russia

2 Diverse sources of supply Italy connected to pipelines from Algeria, Libya and Russia, and can also take deliveries from North Sea

3 Reversing gas flows: Work on pipelines with Austria and Switzerland will allow Italy to export gas to wider European grid for first time

4 Depleted gas fields: Could be used for storage during off-peak summer months, giving Italy flexibility about when to buy gas

5 Future sources: Italy close to gas discoveries in Israel and Egypt that could enter European market in coming decades

Liquefied natural gas: Italy has three import terminals and is nearer to LNG suppliers in Middle East than other major links in European network

Sources: Bloomberg, Gas Infrastructure Europe
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