November 28, 2023 [Reuters]- Italy on Monday approved a decree to boost its energy security and renewable power production, with the minister for ecological transition saying the package was expected to trigger 27.4 billion euros ($29.89 billion) in investments.
“We want to unlock the great potential of our country on renewables,” Minister Gilberto Pichetto Fratin said.
Other measures outline a framework to develop carbon capture and storage facilities (CCS), as energy group Eni (ENI.MI) and gad grid operator Snam (SRG.MI) press ahead with the set up of a CCS hub offshore the city of Ravenna.
The provision would allow Italy to speed up work on two new onshore LNG terminals promoted by Enel (ENEI.MI) in Porto Empedocle and by Iren (IREE.MI) and Sorgenia in Gioia Tauro.
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