Italy to Block Exploration Permits

By Stephen Jewkes
Wednesday, January 9, 2019

The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint, the industry ministry said on Wednesday.

In a statement the ministry said upstream oil and gas activity in Italy was not of strategic importance for the country.

Some industry experts say Italy is sitting on some of the biggest reserves in Europe, but red tape has scuppered exploration for years.

Italy's domestic gas production accounts for only 7.5 percent of its needs while its oil production is around 7.3 percent of demand.

The ruling coalition of populist 5-Star Movement and right-wing League want to boost the role of renewable energy in Italy's energy mix rather than explore for oil and gas.

It plans to phase out coal power production by 2025 and has set a target of having 30 percent of domestic energy consumption generated from green sources by 2030.

Long-term, it is looking to phase out fossil fuels by 2050.

"The issuance of about 36 permits currently pending, including three permits already issued in the Ionian Sea, will be halted," the ministry's energy undersecretary Davide Crippa said in a statement.

The measures will be included in an amendment to legislation that will be discussed in parliament in coming days, the ministry said.


(Reporting by Stephen Jewkes; Editing by Elaine Hardcastle)

Categories: Environmental Industry News Europe Exploration Government Regulations

Related Stories

ABS Approves Hanwha Ocean’s FPSO Design

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Seatrium Delivers Fifth Jack-Up to Borr Drilling

India Defends Propping Up Russian Oil - Prices "would have hit the roof"

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

Eni Strengthens LNG Ties with Japan

SBM Offshore’s FPSO for ExxonMobil’s Guyana Oil Project Takes Final Shape (Video)

1.1 GW Floating Offshore Wind Farm earns Key Approval

Inside Asia-Pacific’s Offshore Energy Boom

Current News

Offshore Service Vessels: What’s in Store in 2025

ABS Approves Hanwha Ocean’s FPSO Design

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Transocean’s Drillship to Stay in India Under New $111M Deal

INEOS Picks Up CNOOC’s US Assets in $2B Deal

Sunda Energy, Timor-Leste Gov Plan Accelerated Chuditch Gas Development

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

TotalEnergies Wraps Up Acquisition of SapuraOMV’s Gas Assets

Kuwaiti Oil and Gas Firm Exploring More Opportunities in Indonesia's Natuna Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com