SUBSCRIBE
PROFILE

Italy turns to Israel to free itself from Russian gas

Israeli Prime Minister Benjamin Netanyahu announced at a forum in Rome that Israel wants to strengthen its gas cooperation with Italy. This statement is part of Italy's drive to reduce its dependence on Russian gas and move towards more sustainable energy sources.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Israeli Prime Minister Benjamin Netanyahu told a forum with Italian business leaders in Rome that his country wants to develop gas cooperation with Italy. Israel is planning a new liquefied natural gas (LNG) terminal in Cyprus to increase gas export capacity to Italy and Europe. This statement was welcomed by the Italian Minister of Enterprise, Adolfo Urso, who stressed the need for Italy to win the challenge of energy autonomy.

A strategic need in Italy and Europe

Since the war in Ukraine, Italy, like other European countries, has multiplied its initiatives to get out of its dependence on Russian gas. Israel has become a gas producer and exporter thanks to the discovery of several gas reservoirs off its coast in the Mediterranean. However, the lack of a pipeline to connect Israeli drilling platforms to southern European markets poses a major problem for the Hebrew state.

Alternatives for bringing Israeli gas to Europe

The EastMed project, which involves the construction of a largely undersea gas pipeline of nearly 1,900 km, is one of the options being considered to bring Israeli gas to Europe. This pipeline would connect Israel’s offshore gas fields with southern Europe via Cyprus and Greece. The gas would then be transported to Otranto, in southern Italy, via the Poseidon pipeline. However, this project is expensive and is not expected to be completed and in service until 2025-2027.

Enhanced cooperation between Israel and Italy

Benjamin Netanyahu mentioned the option of creating a new liquefied natural gas terminal in Cyprus to increase Israel’s gas export capacity to Italy and Europe. The Israeli Prime Minister stressed that there is a strategic need in Italy and Europe for gas and that Israel is ready to do more in this regard. This statement was welcomed by his Italian counterpart, who said that Italy aims to become the European gas hub and that Israel must be the point of strength for gas production.

  • Popular on energynews.pro
Explosion on a strategic gas pipeline in Nigeria halts gas supply
Harbour Energy to acquire Waldorf’s UK assets for $170mn
Morocco sets 2027 for its first LNG terminal at Nador West Med
Zimbabwe plans 600 MW floating solar power plant on Lake Kariba
BHP sells 49% of its Pilbara power network to GIP for $2 billion
Australia opens five new offshore blocks to secure gas supply
The Australian government has launched the opening of five offshore gas exploration blocks in the Otway Basin, highlighting a clear priority for southeast supply security amid risks of shortages by 2028, despite an ambitious official climate policy.
BlackRock sells 7% stake in Naturgy for €1.7bn
BlackRock sold 7.1% of Spanish company Naturgy for €1.7bn ($1.99bn) through an accelerated bookbuild managed by JPMorgan, reducing its stake to 11.42%.
Sound Energy launches gas production at Tendrara after six-month delay
The British company begins the initial production phase of Morocco's Tendrara gas field, activating a ten-year contract with Afriquia Gaz amid phased technical investments.
United States: winter cold drives up natural gas price forecasts
The Energy Information Administration revises its gas price estimates upward for late 2025 and early 2026, in response to strong consumption linked to a December cold snap.
Venture Global rejects Shell’s fraud allegations in LNG arbitration dispute
Venture Global denies Shell’s claims of fraud in an LNG cargo arbitration and accuses the oil major of breaching arbitration confidentiality.
China receives first Russian LNG shipment via sanctioned Beihai terminal
The Valera LNG carrier delivered a shipment of liquefied natural gas (LNG) from Portovaya, establishing a new energy route between Russia and China outside Western regulatory reach.
Hungary hosts TurkStream headquarters after asset freeze in the Netherlands
South Stream Transport B.V., operator of the offshore section of the TurkStream pipeline, has moved its headquarters from Rotterdam to Budapest to protect itself from further legal seizures amid ongoing sanctions and disputes linked to Ukraine.
Panama Canal sidelined as US LNG flows shift decisively toward Europe
US LNG exports are increasingly bypassing the Panama Canal in favour of Europe, seen as a more attractive market than Asia in terms of pricing, liquidity and logistical reliability.
IOC seeks spot LNG cargo for Dahej as Russian sanctions tighten
Indian Oil Corporation has issued a tender for a spot LNG cargo to be delivered in January 2026 to Dahej, as Asian demand weakens and Western restrictions on Russian gas intensify.
McDermott secures EPCIC contract for gas project offshore Brunei
McDermott has secured a major engineering, procurement, construction, installation and commissioning contract for a strategic subsea gas development offshore Brunei, strengthening its presence in the Asia-Pacific region.
Fluor and JGC deliver second LNG Canada unit in Kitimat
The partnership between Fluor and JGC has handed over LNG Canada's second liquefaction unit, completing the first phase of the major gas project on Canada’s west coast.
NOG acquires 49% stake in Utica gas assets for $588mn with Infinity
Northern Oil and Gas and Infinity Natural Resources invest $1.2bn to acquire Utica gas and infrastructure assets in Ohio, strengthening NOG’s gas profile through vertical integration and high growth potential.
Sanctioned Russian LNG vessel delivers to China’s Beihai port
China has received its first liquefied natural gas shipment from Russia’s Portovaya facility, despite growing international sanctions targeting Russian energy exports.
Brazil’s free gas market reaches 13.3 Mcmd with unprecedented industrial shift
Brazil’s natural gas market liberalisation has led to the migration of 13.3 million cubic metres per day, dominated by the ceramics and steel sectors, disrupting the national competitive balance.
Sasol inaugurates gas processing unit to supply Temane thermal power plant
Sasol has launched a new gas processing facility in Mozambique to secure fuel supply for the Temane thermal power plant and support the national power grid’s expansion.
Congo LNG reaches 3 mtpa and anchors the strategic gas axis between Eni and Europe
With the addition of Nguya FLNG to Tango, Eni secures 3 mtpa of capacity in Congo, locking in non-Russian volumes for Italy and positioning Brazzaville within the ranks of visible African LNG exporters.
JERA signs 10-year LNG supply deal with Torrent Power
Japan’s JERA has signed a liquefied natural gas supply contract with India’s Torrent Power for four cargoes annually from 2027, marking a shift in its LNG portfolio toward South Asia.
NEO NEXT+ becomes the UKCS’s largest gas producer with TotalEnergies and Repsol
The merger of TotalEnergies and Repsol’s UK assets into NEO NEXT+ creates a 250,000 barrels of oil equivalent per day operator, repositioning the majors in response to the UK’s fiscal regime and basin decline.
QatarEnergy steps up pressure on the EU in response to the CSDDD directive
Climate requirements imposed by the European due diligence directive are complicating trade relations between the European Union and Qatar, jeopardising long-term gas supply as the global LNG market undergoes major shifts.
Colombia: electrification could avoid $190mn in gas imports by 2030
A report forecasts that improved industrial energy efficiency and residential electrification could significantly reduce Colombia’s need for imported gas by 2030.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.