Italian Prime Minister Mario Draghi said he had discussed the idea of building a gas pipeline to Spain with his Spanish counterpart as part of plans to wean Europe off Russian gas.
Italy is to buy more gas from Angola and Congo Republic, Foreign Minister Luigi Di Maio said on Sunday, as Rome steps up efforts to secure new energy supplies and become less dependent on Russia in light of the Ukraine crisis.
Spanish power and gas group Naturgy slightly beat its 2021 earnings guidance on Friday, boosted by a recovery in energy demand as the global economy emerged from the COVID-19 slump and higher gas prices.
Gas flows from Germany to Poland via the Yamal-Europe pipeline, which usually sends Russian gas westwards into Europe, were steady over the weekend and on Monday morning, data from German network operator Gascade showed.
Asian spot liquefied natural gas (LNG) prices dropped this week as large Chinese sell tenders signalled that supplies are well-stocked amid continued tepid Asian demand.