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[BUSINESS] · Italy · 41 sources

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Italy to boost domestic oil and gas production to enhance energy security

The Italian government, led by Prime Minister Giorgia Meloni, has approved a decree aimed at boosting domestic oil and gas production to enhance national energy security and reduce reliance on imports. A key component of this measure is the authorization for the state to appoint commissioners to expedite regional permits and concessions for hydrocarbon exploration and extraction.

Meloni highlighted that Italy has already installed 28 gigawatts of additional renewable energy capacity and allocated over 60 billion euros to mitigate high energy costs for citizens and businesses. Additionally, the government has extended fuel excise tax cuts to manage gasoline and diesel prices.

In the industrial sector, Confindustria Vice President Aurelio Regina warned that structurally high energy prices compared to European competitors pose a significant risk to the country's industrial fabric. Meanwhile, the Milan Court of Appeal upheld an order to shut down blast furnaces at the former Ilva plant in Taranto by October 28 due to environmental concerns regarding asbestos and particulate matter.

Regarding the energy workforce, Enel has reached an agreement with unions to hire 1,000 new employees for e-distribuzione to support grid infrastructure and the energy transition.

Entities

ARERA · Assocompara · Confindustria · Council of Ministers · Enea · Enel · Giorgia Meloni · Ilva · Italian Government · Italy

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