Skip to Content
AP National Business

Italy’s natural gas storage is 80% full as prices hit record

KION
By
Published 6:35 AM

By COLLEEN BARRY
AP Business Writer

MILAN (AP) — Outgoing Italian Premier Mario Draghi said the country is less vulnerable to interruptions of Russian natural gas supplies because of its moved rapidly to reduce dependence on Moscow. He said Wednesday that natural gas storage is 80% full ahead of winter and is on track to hit 90% by October. Draghi told an annual summertime festival in the Adriatic seaside town of Rimini that Italy has reduced its reliance on Russian gas from 40% last year to half that by finding new sources in countries from Algeria to Azerbaijan. Russia’s war in Ukraine has driven natural gas prices to record highs, fueling inflation worldwide.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content