Fueling A New Italian Export
When one thinks of Italian exports, suits, bags, and cars may come to mind, but after a development by Snam SpA this past March, we could soon be hearing much more about gas naturale.
Italy exported natural gas for the first time last week as the nation’s pipeline pushes to have southern Europe as a center for trading the commodity. Snam SpA, an Italian natural gas infrastructure company, is currently planning to bring gas from southern Europe & Africa to central Europe though a systemwide overhaul as Chief Executive Officer, Marco Alvera, works to establish a trading hub for the fuel in southern Europe.
Historically, Italy has been known more for their exports of luxury lifestyle items with brands including: Armani, Valentino, Versace, Benetton, Prada, FIAT, Lancia, Alfa Romeo, Maserati and Lamborghini. However, geographically, Italy is at the center of the gas supply network from North Africa, Northern Europe, Russia and, in the future, from the Caucasus, making it a strategic point for the stability and security of the gas supply for the entire European Union. While Britain and the Netherlands currently possess the 2 main hubs in Europe, Alvera remains committed to establishing Italy’s presence in the gas industry.
So far, the results seem to be looking quite positive as Switzerland has drawn approximately 3 million cubic meters of gas a day from Italy since March. Only time will tell if Italy can not only remain a powerhouse in culture and luxury retail, but also in fuel to continue producing these goods for generations to come.
We hope you've enjoyed learning about how the gas industry in Italy is Fueling A New Italian Export! While many outlets are conflicted about the success of the newest export, we'd love to know what you think! Comment below to join the conversation.