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Italy's energy needs OK this winter but 2023 a concern-min

Build up reserves and stocks over summer and be ready-Pichetto

(ANSA) - ROME, NOV 21 - Italy's energy needs will be provided for this winter but 2023 will be "a concern", Environment and Energy Security Minister Gilberto Pichetto Fratin said Monday.
    On energy procurement "the concerns are strong, not so much for this winter that we should be able to overcome but certainly for 2023", Pichetto Fratin said on the sidelines of the event 'Direzione Nord' at the Palazzo delle Stelline in Milan.
    "The lack of Russian supplies - he added - means that during the summer we must build up the reserves, the storage and of course be ready for next winter." On the other hand "there is the question of price - he concluded - We need to see what effect the European price cap has on the price of gas".
    The minister added that he would present to cabinet later Monday "a form of national price cap proposal that is about the renewables system." "It means putting a cap on the price. of energy from renewable sources - he concluded - to ensure that they do not have an excessive cost burden on production". (ANSA).


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