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    Finance

    Italy says it can reactivate coal-powered plants if gulf crisis worsens

    Published by Global Banking & Finance Review®

    Posted on March 4, 2026

    2 min read

    Last updated: March 4, 2026

    Italy says it can reactivate coal-powered plants if Gulf crisis worsens - Finance news and analysis from Global Banking & Finance Review
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    Tags:FinanceEnergyMarkets

    Quick Summary

    Italy’s Energy Minister Gilberto Pichetto Fratin says coal-fired plants are held in reserve for emergencies amid Middle East tensions, highlighting Italy’s high European gas storage and diversified suppliers.

    Italy says it could reactivate coal-powered plants if Gulf crisis worsens

    Italy's Energy Security Amid Middle East Tensions

    By Francesca Piscioneri

    Potential Reactivation of Coal-Fired Power Stations

    ROME, March 4 (Reuters) - Italy's energy minister said on Wednesday he could restart some coal-fired power stations if the conflict in the Middle East were to provoke an energy crisis, adding that the country was for the moment "quite safe".

    Italy has "coal-powered stations that I wouldn't like to re-activate but they are there in reserve to safeguard our country," Minister Gilberto Pichetto Fratin said in an interview with the TgCom24 broadcaster.

    Impact of Middle East Conflict on Global Energy

    Israeli and U.S. forces struck targets across Iran on Tuesday, prompting Iranian strikes against energy infrastructure in other Gulf states considered U.S. allies, in a region that accounts for just under a third of global oil production.

    Strait of Hormuz and Oil Supply Concerns

    Iran has also targeted tankers in the Strait of Hormuz, through which about a fifth of the world's oil and liquefied natural gas flows. Traffic remained effectively closed for a fourth day after Iran attacked five ships.

    Italy's Gas Supply and Storage Situation

    Italy has a diversified portfolio of gas suppliers, which include Norway, Algeria and Azerbaijan.

    In addition, its gas storage system, managed by gas grid operator Snam, is currently 47% full, well above an average of almost 30% for the European Union, according to official data.

    Minister's Statement on Energy Security

    "On the (energy) security front, our country is ... quite safe quantitatively," Pichetto Fratin said.

    "We have the highest storage levels in Europe, we have diversified sources, and therefore we can say there is not an extremely severe situation regarding the quantities of resources, and I am speaking mainly about gas," he added.

    (Reporting by Francesca Piscioneri, writing by Gavin Jones and Francesca Landini, editing by Alvise Armellini)

    Table of Contents

    • Italy's Energy Security Amid Middle East Tensions
    • Potential Reactivation of Coal-Fired Power Stations
    • Impact of Middle East Conflict on Global Energy

    Key Takeaways

    • •Italy can reactivate coal-fired power stations if Gulf crisis escalates, though as a last resort.
    • •Italy leads Europe in gas storage capacity (e.g., 77% full in December 2025) and benefits from diversified sources like Norway, Algeria, Azerbaijan, and increased US LNG.
    • •The disruption of 20% of global oil and LNG flows via the Strait of Hormuz has driven oil and gas prices sharply higher, reinforcing Italy’s energy security buffer.

    Frequently Asked Questions about Italy says it can reactivate coal-powered plants if Gulf crisis worsens

    1Why might Italy reactivate coal-powered plants?

    Italy may reactivate coal plants if the crisis in the Middle East disrupts energy supplies, to secure energy for the country.

    2What countries supply gas to Italy?

    Italy sources natural gas from Norway, Algeria, Azerbaijan, and others, ensuring supply diversification.

  • Strait of Hormuz and Oil Supply Concerns
  • Italy's Gas Supply and Storage Situation
  • Minister's Statement on Energy Security
  • 3How much of the world's oil flows through the Strait of Hormuz?

    About a fifth of the world's oil and liquefied natural gas flows through the Strait of Hormuz.

    4What did Italy's energy minister say about gas storage?

    The minister stated that Italy has the highest gas storage levels in Europe, enhancing energy security.

    5How has the conflict in the Middle East affected shipping?

    Iran’s attacks on tankers in the Strait of Hormuz have kept the traffic closed for four days.

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