Connection

popular articles

Europe struggles to meet its rare earth targets
BP discovers new oil field 190 km off the coast of Louisiana
PetroChina reaches new milestone in 2024 with net profit of $22.7 billion
Macron Announces Construction of Eight New Nuclear Reactors
Qair acquires Green Switch Capital and strengthens its presence in the UK

Italy: weaning itself off Russian gas with the help of the REPowerEU plan

Italy has declared its intention to use EU funds from the REPowerEU plan to wean itself off Russian gas completely and become an energy hub for the EU. With a total budget of €300 billion, the REPowerEU plan aims to end the EU's dependence on Russian fossil fuels and combat the climate crisis.
  • [favorite_button]

Please share:

Prime Minister Giorgia Meloni announced that Italy will use the European Union funds under the REPowerEU plan to get rid of Russian gas completely and become an energy hub for the EU.

 

The REPowerEU plan

The REPowerEU plan has a total budget of nearly 300 billion euros. It aims to end the EU’s dependence on Russian fossil fuels and combat the climate crisis. It includes approximately €225 billion of untapped loans made available under the NextGenerationEU pandemic stimulus package launched in 2021. The European Commission has also proposed to fund it with an additional €20 billion in subsidies from the sale of EU ETS allowances.

 

Cooperation with Africa

Meloni spoke of the need to cooperate with Africa on energy supply. Money from the RePowerEU program could also be used to build the SoutH2 corridor, a link to bring hydrogen produced in North Africa to Northern Europe.

 

Investments in the national network

In addition, the chief executive of Italian gas network operator Snam said the group would seek EU support to invest €2.5 billion to boost the capacity of the national network.

 

Italy’s right-wing government plans to complete discussions with Brussels on the use of EU funds proposed by Rome by the end of April.

Register free of charge for uninterrupted access.

Publicite

Latest news

Kern County reopens oil permitting despite historic decline in California
US shale oil drilling costs to rise 4.5% in 2025
Craig Steinke appointed CEO of BluEnergies following James Deckelman’s departure
Siemens Energy raises annual outlook after 52% surge in orders
Enel posts €2bn net profit rise despite falling electricity prices

Recently published in

United States signs historic agreement for helium-3 extracted from the Moon

The U.S. Department of Energy will purchase three litres of helium-3 from Interlune by 2029, marking the first public contract involving a natural resource extracted from the lunar surface.
Iran caps electricity outages at two hours amid rising summer demand
Iran will limit daily power cuts to two hours for households starting May 10, aiming to ease pressure on the national electricity grid as temperatures climb.
en_1140290944540-3
Iran caps electricity outages at two hours amid rising summer demand
Iran will limit daily power cuts to two hours for households starting May 10, aiming to ease pressure on the national electricity grid as temperatures climb.
en_1140290944540-3
Bernard Fontana appointed to lead EDF and manage major energy projects
The French government has entrusted Bernard Fontana with the leadership of EDF, relying on his industrial background to manage the end of the Arenh and revive the nuclear programme.
en_1140290948540-3
Bernard Fontana appointed to lead EDF and manage major energy projects
The French government has entrusted Bernard Fontana with the leadership of EDF, relying on his industrial background to manage the end of the Arenh and revive the nuclear programme.
en_1140290948540-3
Berlin relaunches gas to secure national electricity supply by 2030
Germany’s new Economy Minister, Katherina Reiche, plans 20 gigawatts of gas-fired plants to address the limits of renewable energy.
en_1140290947540-3
Berlin relaunches gas to secure national electricity supply by 2030
Germany’s new Economy Minister, Katherina Reiche, plans 20 gigawatts of gas-fired plants to address the limits of renewable energy.
en_1140290947540-3

Pedro Sánchez delays conclusions after blackout cuts 60% of Spain’s power

The Spanish Prime Minister has asked for more time to determine the causes of an unprecedented outage on April 28 that cut 15 gigawatts of electricity from the peninsula’s grid.
Bayrou promises an open energy roadmap ahead of decree publication
Prime Minister François Bayrou confirmed that France’s 2025–2035 energy roadmap remains under discussion and will only be finalised after parliamentary debates starting on 16 June.
en_1140290946540-2
Bayrou promises an open energy roadmap ahead of decree publication
Prime Minister François Bayrou confirmed that France’s 2025–2035 energy roadmap remains under discussion and will only be finalised after parliamentary debates starting on 16 June.
en_1140290946540-2
Australia’s political stability paves the way for key energy reforms
The re-election of the Albanese government reassures energy stakeholders calling for regulatory adjustments to accelerate projects and secure long-term investment.
en_1140290943540
Australia’s political stability paves the way for key energy reforms
The re-election of the Albanese government reassures energy stakeholders calling for regulatory adjustments to accelerate projects and secure long-term investment.
en_1140290943540
Gabon launches $69.5 million plan to triple refining capacity
SOGARA is launching a two-phase modernisation programme to increase the country's energy autonomy by 2030, with financing primarily from external sources.
en_1140290976540-2
Gabon launches $69.5 million plan to triple refining capacity
SOGARA is launching a two-phase modernisation programme to increase the country's energy autonomy by 2030, with financing primarily from external sources.
en_1140290976540-2

Suriname grants $750 bonus to each citizen ahead of oil revenues

Suriname has launched a pre-distribution programme of its future oil revenues, offering a $750 bonus to more than 570,000 citizens well before the start of offshore production scheduled for 2028.
Iberian power outage: Madrid cites a complex incident and urges Paris on interconnections
One week after the massive blackout, Spain and Portugal continue their investigations with no technical conclusion, while Madrid calls on France to accelerate cross-border interconnection projects.
en_1140290977540-2
Iberian power outage: Madrid cites a complex incident and urges Paris on interconnections
One week after the massive blackout, Spain and Portugal continue their investigations with no technical conclusion, while Madrid calls on France to accelerate cross-border interconnection projects.
en_1140290977540-2
Peter Dutton commits $200bn to bypass nuclear ban in Australia
Australia’s opposition leader unveils a seven-reactor plan, challenging current energy policy days before federal elections and reviving a decades-old debate.
en_1140290976540
Peter Dutton commits $200bn to bypass nuclear ban in Australia
Australia’s opposition leader unveils a seven-reactor plan, challenging current energy policy days before federal elections and reviving a decades-old debate.
en_1140290976540
French regulator lowers pace of renewable energy development
The French Energy Regulatory Commission proposes reducing certain renewable generation targets due to a slower-than-expected rise in electricity demand.
en_1140290949540-18
French regulator lowers pace of renewable energy development
The French Energy Regulatory Commission proposes reducing certain renewable generation targets due to a slower-than-expected rise in electricity demand.
en_1140290949540-18

Bernard Fontana sets his priorities to reposition EDF in the French energy landscape

Nominated to lead EDF, Bernard Fontana aims to restore dialogue with electro-intensive industries and oversee the nuclear revival while ensuring the group’s financial sustainability.
Massive power outage in Spain reignites questions over energy mix
Two days after a blackout that disrupted 60% of national demand, the growing share of renewables in Spain’s grid faces strong political and industrial criticism.
en_1140290951540-17
Massive power outage in Spain reignites questions over energy mix
Two days after a blackout that disrupted 60% of national demand, the growing share of renewables in Spain’s grid faces strong political and industrial criticism.
en_1140290951540-17
BPCE ranked last among French banks for its carbon strategy
The NGO Reclaim Finance ranked BPCE last among twenty major European banks for its lack of commitment to the transition towards carbon neutrality, according to a study published on Tuesday.
en_1140290945540-17
BPCE ranked last among French banks for its carbon strategy
The NGO Reclaim Finance ranked BPCE last among twenty major European banks for its lack of commitment to the transition towards carbon neutrality, according to a study published on Tuesday.
en_1140290945540-17
France: Bayrou delays publication of energy decree amid political pressure
François Bayrou plans to postpone the publication of the French energy decree until the end of the summer after parliamentary review, under pressure from the Rassemblement National and part of the right.
en_1140290948540-16
France: Bayrou delays publication of energy decree amid political pressure
François Bayrou plans to postpone the publication of the French energy decree until the end of the summer after parliamentary review, under pressure from the Rassemblement National and part of the right.
en_1140290948540-16

European Investment Bank grants PLN2.25 billion to PGE to support Polish energy

The European Investment Bank signs a loan of over €525mn with PGE to develop solar projects and modernise a power plant in Poland.
Enarsa Privatization: Argentina Refocuses Energy Strategy on Regulation
Argentina initiates Enarsa's privatization to redefine the state's role toward stronger regulation, paving the way for increased private investment in the national energy sector amid significant industrial and commercial transformation.
en_1140290988540
Enarsa Privatization: Argentina Refocuses Energy Strategy on Regulation
Argentina initiates Enarsa's privatization to redefine the state's role toward stronger regulation, paving the way for increased private investment in the national energy sector amid significant industrial and commercial transformation.
en_1140290988540
Just Stop Oil ends direct actions after three years of mobilisation in London
The British environmental movement Just Stop Oil organised its final march in London on Saturday, announcing the end of its spectacular actions against new oil and gas projects in the United Kingdom.
en_1140290984540-2
Just Stop Oil ends direct actions after three years of mobilisation in London
The British environmental movement Just Stop Oil organised its final march in London on Saturday, announcing the end of its spectacular actions against new oil and gas projects in the United Kingdom.
en_1140290984540-2
Netherlands mobilizes €11.4 billion to secure its energy competitiveness
The Dutch government is unlocking €11.4 billion aimed at securing industrial energy supplies, strengthening electricity infrastructure, and accelerating civilian nuclear development, in response to current economic and energy constraints.
en_1140291001540
Netherlands mobilizes €11.4 billion to secure its energy competitiveness
The Dutch government is unlocking €11.4 billion aimed at securing industrial energy supplies, strengthening electricity infrastructure, and accelerating civilian nuclear development, in response to current economic and energy constraints.
en_1140291001540

Hydro-Québec launches a 10 G$ energy efficiency plan by 2035

Hydro-Québec announces a 10 G$ investment to enhance energy efficiency through various initiatives by 2035, creating over 5,000 jobs and reducing operating costs for Quebec customers.
The UK and Eni finalize financing for CO2 storage project in the Irish Sea
The UK government and Italian energy company Eni have announced the financial closing of a project aimed at burying millions of tonnes of CO2 in the Irish Sea, an ambitious initiative to reduce industrial emissions.
en_1140290963540-9
The UK and Eni finalize financing for CO2 storage project in the Irish Sea
The UK government and Italian energy company Eni have announced the financial closing of a project aimed at burying millions of tonnes of CO2 in the Irish Sea, an ambitious initiative to reduce industrial emissions.
en_1140290963540-9
Washington criticises anti-fossil policies at IEA summit
The United States strongly criticised anti-fossil fuel policies at the International Energy Agency (IEA) summit, highlighting their dangers to global energy security.
en_1140290944540-17
Washington criticises anti-fossil policies at IEA summit
The United States strongly criticised anti-fossil fuel policies at the International Energy Agency (IEA) summit, highlighting their dangers to global energy security.
en_1140290944540-17
Countries accused of overstating carbon sinks to slow energy transition
Countries such as Brazil and Australia are criticised for overstating the CO2 absorption capacity of their forests, a practice that undermines their commitment to reducing greenhouse gas emissions, according to a report by Climate Analytics.
en_1140290943540-17
Countries accused of overstating carbon sinks to slow energy transition
Countries such as Brazil and Australia are criticised for overstating the CO2 absorption capacity of their forests, a practice that undermines their commitment to reducing greenhouse gas emissions, according to a report by Climate Analytics.
en_1140290943540-17

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS