LNG

Italian energy company Eni has agreed to sell a minority stake in two pipelines involved in transporting natural gas from Algeria to Italy for €385 million ($435M) to Italian LNG terminal and gas grid operator Snam.

European natural gas markets posted record summer prices for the UK National Balancing Point and the Dutch Title Transfer Facility and other EU markets, showing that politicians have neglected energy supply planning amid the largely uncontrollable economic effects of Covid-19.