Italy Negotiates with Libya, Algeria for Renewable Energy Deal

Italy is currently holding negotiations with Libya and Algeria for the mobilization and development of renewable energy resources. The European country is looking to diversify its energy mix, adopting clean energy sources from renewable-rich countries in northern Africa.

According to H.E. Luigi Di Maio, Foreign Minister of Italy: “We are working to diversify energy sources, and we are negotiating a Memorandum of Understanding with Algeria and Libya on the development of renewable energy sources, and with Tunisia on green hydrogen.”

With Italy relying on Russian gas for approximately 45% of its energy supply, diversification will be critical if the country is to ensure energy security both during and beyond the Russia-Ukraine conflict.

The ongoing conflict has emphasized both the need for diversified energy supply chains, owing to an overreliance on Russian oil and gas reserves, as well as diversified energy sources. By utilizing both Libyan and Algerian renewable resources, Italy will improve clean energy developments in Africa and advance the clean energy transition, while strengthening supply chains from alternative sources to meet its own domestic demand.

Share This Article

Share on twitter
Share on facebook
Share on linkedin
Share on reddit
Share on whatsapp
Share on email

Other Reads

Charné Hundermark

Charné Hundermark

Charné Hundermark is the Deputy Editor at Energy Capital & Power. She holds a Higher Certification in Professional Photography and an Honours degree in Media Theory and Practice. She is also currently completing her Masters in Media Studies.

Subscribe below to stay in touch about the latest news and event updates