- Italy aims to establish and remodel China’s involvement in Africa, primarily focused on securing oil, gas, and critical materials.
- Eni increased gas transportation from Africa to counter the reduced gas supplies from Russia.
Eni, Italy’s largest importer of natural gas and a state-controlled energy multinational has said that Italy is ready to invest in Africa to acquire the necessary energy resources vital for Italy’s economic growth and to address and manage the issue of migration flows. The CEO of Eni, Claudio Descalzi, disclosed this during a political event in Rome on Saturday.
He emphasised the potential advantages of forging stronger connections between Italy and Africa. He cited China’s significant involvement in Africa over the past three decades, primarily focused on securing oil, gas, and critical materials. Italy aims to establish similar ties, potentially benefiting both parties through economic partnerships and resource acquisition.
Recall that since 2022, Eni has faced reduced gas supplies from Russia. Eni increased gas transportation from Africa to counter this decline, leveraging its established presence on the continent, spanning several decades. Descalzi added, “Italy is ready to invest in Africa. This is also a necessity because energy is now flowing from south to north, and we need to be the ones guiding this flow for our sake and Africa’s sake.”