The gas fields discovered offshore Mozambique represent a huge opportunity for the development of the African country, Italian Prime Minister Giorgia Meloni said during a visit with the head of Italian energy group Eni (ENI.MI).
Italy's Prime Minister Giorgia Meloni speaks on the day of the informal meeting of European heads of state or government takes place in Granada, Spain October 6, 2023. REUTERS/Juan Medina/File Photo
MILAN, Oct 13 - The gas fields discovered offshore Mozambique represent a huge opportunity for the development of the African country, Italian Prime Minister Giorgia Meloni said during a visit with the head of Italian energy group Eni Speaking after a meeting with Mozambican President Filipe Nyusi, Meloni said that Eni was the best example of the economic cooperation between Italy and Mozambique.
Eni - which is present in the African country as the operator of a floating liquefied natural gas project - hopes to reach a final investment decision on its second floating project by the end of June next year, two sources directly involved with the project told Reuters this week. Meloni also that said 70% of Italy's climate fund, or about 3 billion euros , will be reserved for Africa.Analysts have lowered price forecasts for EU carbon permits for 2024 and 2025 on expectations of lower demand from the power sector as generation from renewable sources such as wind and solar grows and amid a weak outlook for European industry.
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