The effects of the war in Ukraine for Italy they are purely economic and after cut off gas supply from Russia the Ministry of Ecological Tradition could decide to rationalize the gas in Italy, with serious consequences on industry, on electricity generation but also for automotive. In fact, methane for cars and the price it could go up again.
Gas price from Russia
Russia has the world’s largest natural gas reserves and has been supplying Western Europe and our country for over 50 years.
The Kremlin responded to the sanctions by cutting the supply of gas to the West and Italy by 50%, with the price of methane that shot up 43% as it passed from 82.50 euros to 117.74 euroswith peaks of 134 euros per MWh.
Russian gas consumption in Italy
Our country from Russia, through Gazpromexports daily 63 million of cubic meters of Russian gas and in the next few days the supply will be cut by 50%.
The reduction has alarmed the Italian government and the competent Ministry, that of Ecological Transition, which could raise the level of crisis of the national gas system, bringing it from the pre-alarm threshold to that of alarm.
Russian gas cuts that happens to Italy
The daily demand for gas in Italy is 155 million meters and the availability is 195 million. According to these numbers the system still holds up but should it go in alarm there could be rationing.
The Ministry of Ecological Transition in fact he might ask Snamthe main methane carrier in the country, to ask industries to reduce their consumption, as required by the supply contracts. The status from the alarm it would also mean the increase in production in coal-fired power plants and the demand for more gas imports from other suppliers.
Auto methane unavailable, skyrocketing prices
Rationing could also relate to automotive, with methane being in short supply for car and for i heavy vehicles, with devastating effects also on the transport of primary necessities. Prices may also rise again, beyond 2 euros per kg.
The authorities for the moment have ruled out a rationing but with the energy war in progress we must also keep against a possible rationing of auto methane and a rise in prices.
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