INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Russia suspends gas supply to Italy due to transport issues

The deal has been signed with local and regional banks (WAM)
  • Most of Russian gas delivered to Italy passes via Ukraine through Trans Austria Gas Pipeline (TAG), to Tarvisio in northern Italy
  • Before the war in Ukraine, Italy imported 95 percent of the gas it consumes -- about 45 percent of which came from Russia.

SOFIA, BULGARIA – Russia’s Gazprom has suspended gas deliveries to Italy’s Eni, blaming a transport problem in Austria, the Italian energy giant said.

“Gazprom told us that it was not able to confirm the delivery of the volumes demanded for today, citing the impossibility of gas transport through Austria,” Eni said in a statement on Saturday.

As a result, “Russian gas flows to Eni via the Tarvisio entry point will be naught”, it said.

Most of Russian gas delivered to Italy passes via Ukraine through the Trans Austria Gas Pipeline (TAG), to Tarvisio in northern Italy on the border with Austria.

Before the war in Ukraine, Italy imported 95 percent of the gas it consumes — about 45 percent of which came from Russia.

Outgoing Prime Minister Mario Draghi has signed new deals with other gas producers to reduce Italy’s reliance on Russia, lowered to 25 percent as of June, while accelerating a shift towards renewable energies.