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    Home > Finance > Italy fully supports EU efforts to stop Russian gas imports by 2027
    Finance

    Italy fully supports EU efforts to stop Russian gas imports by 2027

    Published by Global Banking & Finance Review®

    Posted on May 22, 2025

    2 min read

    Last updated: January 23, 2026

    The image showcases the Christophe De Margerie tanker docking at Russia's Arctic LNG 2, highlighting ongoing LNG export challenges amidst U.S. sanctions.
    Fourth sanctioned LNG tanker, Christophe De Margerie, at Russia's Arctic LNG 2 plant - Global Banking & Finance Review
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    Tags:foreign exchangefinancial community

    Quick Summary

    Italy backs EU's plan to end Russian gas imports by 2027, aiming for energy independence. LNG imports from the U.S. are considered if competitively priced.

    Italy fully supports EU efforts to stop Russian gas imports by 2027

    ROME (Reuters) -Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers.

    Italy last year imported a small quantity of Russian gas which was mainly exported to Austria, the minister said, adding that the country was now independent from supplies coming from Moscow.

    "Italy fully supports the effort," Pichetto Fratin told a news conference in Rome, speaking alongside Teresa Ribera, the European Union's competition commissioner.

    The EU said this month it would propose legal measures to phase out imports of Russian gas and LNG by the end of 2027, ending a decades-old energy relationship which crumbled after Moscow's invasion of Ukraine in February 2022.

    During a visit to Washington in April, Italian Prime Minister Giorgia Meloni discussed with U.S. President Donald Trump a potential increase in Italian imports of liquefied natural gas from the U.S. Pichetto said any such purchase should be based on competitive prices.

    "The fact that we have increased regasification capacity means that there is room to buy more LNG if it is competitive compared with (gas arriving via) pipeline," Pichetto said.

    He added, however, that U.S. LNG was currently being offered at high prices when it reaches Europe.

    "How is it possible that American gas leaves the shores of Florida at $10-12 per megawatt hour (MWh)," he said. " .... (and) it arrives on the shores of Portugal at $36 per MWh? This is part of bargaining between private operators and not between states".

    (Reporting by Angelo Amante and Francesca Landini; editing by Ed Osmond)

    Key Takeaways

    • •Italy supports EU's plan to stop Russian gas imports by 2027.
    • •Italy is now independent from Russian gas supplies.
    • •Italy may increase LNG imports from the U.S. if prices are competitive.
    • •EU plans legal measures to phase out Russian gas.
    • •U.S. LNG prices are currently high in Europe.

    Frequently Asked Questions about Italy fully supports EU efforts to stop Russian gas imports by 2027

    1What is Italy's position on Russian gas imports?

    Italy fully supports the EU's efforts to stop Russian gas imports by 2027, as stated by the country's energy minister.

    2How much Russian gas did Italy import last year?

    Italy imported a small quantity of Russian gas last year, which was mainly exported to Austria.

    3What did Italian Prime Minister Giorgia Meloni discuss in Washington?

    During her visit to Washington, Prime Minister Giorgia Meloni discussed increasing Italian imports of liquefied natural gas from the U.S.

    4What challenges does Italy face with U.S. LNG pricing?

    The energy minister noted that U.S. LNG is currently being offered at high prices when it reaches Europe, raising concerns about competitiveness.

    5What is the EU's plan regarding Russian gas imports?

    The EU plans to propose legal measures to phase out imports of Russian gas and LNG by the end of 2027, ending a long-standing energy relationship.

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