Gas, Starace: “Emergency for another three years. Never made extra profits”

Starace: “The price of gas will remain high for 2-3 years”

The emergency on gas supplies caused by the conflict in Ukraine “in my opinion is a path that will last two to three years, but by 2023 we will be used to and learned to manage issues such as the Ttf gas index, which is out of control today” . Francesco Starace said it, CEO of Is in theduring his speech at the conference ‘Italy: resume the thread of growth’ organized by Assonime. Furthermore, according to the CEO, “we will also understand how much waste of gas we have done so far and how much we still do”. Enel’s number one then returned to the issue of bills which are now at uncontrollable levels. “They are already crazy – he added – and they will be until the index that determines the gas price. There is such a spectacular disconnect that one wonders why we are still chasing an index disconnected from reality. From the Ongoing Energy Council in Europe, he then said, “I expect the debate to finally go where it needs to go, that is, on the total detachment of the index that gives us the price of gas, and the true price of gas. I hope that the debate of the ministers will begin to gravitate towards this problem “, explained Starace again. A joke also on the revenues of energy companies and on the government’s willingness to tax them to find the resources to create new aid for families And businesses: “We do not have extra profits – he cut short – and if there are, they should be searched where there are and written laws that aim where you really think they exist. This is the third or fourth attempt, I hope it’s the right one. “

Sanctions against Russia are working on technologies

The issue of the embargo and sanctions “is actually not so much about oil and gas, but about the fact that the technologies needed to supply armaments are starting to be a problem for Russia, as are spare parts for planes” he said. closed Starace. “TOEven the Russians – he added – are in a globalized world, everything is tied up and one cannot suddenly deglobalize or get hurt. The important thing is to understand what the excess is“. It is therefore necessary” to reflect on the fragility of some value creation chains and on what to implement to be more resistant “with” corrective measures to be done to better globalize and make us less exposed to potential risks “explained the CEO of Is in the. “Globalization, which has passed two robust tests such as Covid and the current global geopolitical situation, has shown a crazy vitality, not of being put in difficulty. I do not see the possibility of deglobalization” but “I see a less unconscious vision. of globalization and aware of what an unbalanced globalization can have “, concluded Starace.

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