Azerbaijan ranks second in natural gas exports to Italy

Algeria ranks as Italy's largest supplier of gas, with cumulative global LNG imports into Italy trailing second at a total of 5.56 Bcm, while imports from Azerbaijan have totaled 3.45 Bcm so far this year, according to S&P Global data, Report informs.

Italy is a key market for Algeria, both in terms of its long-term supply arrangements but also additional sales via TransMed on the spot market, which amounted to some 4 Bcm last year.

Italian imports via TransMed averaged just over 61 million cu m/d through 2022, data from S&P Global showed, and have remained largely in line with the 2022 average so far this year.

The country imported a total of 22.4 Bcm of pipeline gas from Algeria in 2022, up from around 20 Bcm in 2021.

As of May 18, imports of Algerian gas this year totalled 8.36 Bcm, slightly higher when compared to the same period last year, when imports averaged 8.33 Bcm, according to the data.