Italy imports about 2.5 trillion cubic feet per year of natural gas. Most of that comes from Russia via pipeline normally. Italy has 3 LNG import terminals with roughly 0.4 trillion cubic feet of annual capacity, or enough to meet ~15% of their import needs.9 Jan 2024

 

 

 

 

Tarvisio, no room for competitorsWhile the rise in LNG flows in recent years may have aided liquidity slightly, gas delivered via pipelines makes up the lion’s share of Italy’s supply and is far more important in setting prices.

 

Italy’s biggest import route, the TAG pipeline, which runs from Baumgarten on the Austria-Slovakia border to Tarvisio on the Italian border, is largely controlled by Italy’s largest supplier, Russia’s Gazprom.

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The Russian major owns about 80% of some 39 Bcm of available transport capacity at Tarvisio, under a long-term deal inherited from Eni in January 2018.

 

https://www.spglobal.com/commodityinsights/en/market-insights/blogs/natural-gas/072920-italys-gas-market-an-ecosystem-where-price-takers-thrive