Qatar to help Italy amid major energy resource crisis –

Qatari authorities will provide increased support to Italy, Foreign Minister Luigi Di Maio announced from Doha as a major energy resource crisis looms.

The announcement came as Russia continues to wage war on Ukraine and energy giant ENI announced its exit from Bluestream shares with Gazprom.

Foreign Minister Luigi Di Maio announced the agreement with Qatari authorities to provide greater support from Doha as Italy heads into a full-scale energy crisis.

“I am happy to announce that the Qatari authorities will commit to strengthening the energy partnership with Italy: in this way, we will make ourselves independent of any blackmail from Russia,” Di Maio said on Sunday in Doha.

The process of energy differentiation has accelerated considerably since February 24, when Russia attacked Ukraine under the guise of a “special military operation”.

“We need to accelerate the process of energy diversification. This is why we are working for a European energy project”. Last January, Di Maio flew to Algeria for the same reason, where he said the deals can represent “a joint investment opportunity, not just in the energy field.”

Di Maio’s visit lasted two days, during which ENI CEO Claudio De Scalzi accompanied him. His visit also came after Prime Minister Mario Draghi made a phone call to Emir Tamim Bin Hamad Al Thani.

“It will be necessary to increase extractions from Italian gas fields and sell renewable energies at fair prices,” declared the Minister for Ecological Transition, Roberto Cingolani. In short, a price cap could help Italy, and other diplomatic flights to other countries seem to be on the horizon.