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: Exploration Environmental Industry News Europe Government Regulations

Related Stories

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

DOF Secures Moorings Hook-Up Job in Asia Pacific

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

Floating Offshore Wind Test Center Planned for Japan

Subsea7 Secures Work at Black Sea Field off Türkiye

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Turkey Discovers New Black Sea Gas Reserve

Current News

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

DOF Secures Moorings Hook-Up Job in Asia Pacific

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

Floating Offshore Wind Test Center Planned for Japan

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

PTTEP Hires McDermott for Deepwater Subsea Job off Malaysia

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

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