Michele Geraci’s Economic Research Team (Shuyi Fang) is exposing the fraud of the Italian (EU) “diversification” of natural gas supplies away from “Russian dependence.” In order to achieve such a goal, Prime Minister Mario Draghi’s government has struck a deal with Algeria to supply an additional 10 million cubic meters of natural gas by bringing to full capacity the “Enrico Mattei” (Transmed) gas pipeline. This, together with more natural gas coming from Azerbaijan, U.S.A. (LNG) and Egypt, should allow Italy to reduce natural gas supplied by Russia from 43% to 14% of the total. However, Algeria already supplies Italy with 32%; with the new supplies, this becomes 46%. In other words, Italy plans to become more dependent on Algeria than it currently is on Russia!
Latest
