AGL 37.50 Increased By ▲ 0.92 (2.52%)
AIRLINK 217.38 Increased By ▲ 1.64 (0.76%)
BOP 10.47 Increased By ▲ 0.99 (10.44%)
CNERGY 7.44 Increased By ▲ 0.92 (14.11%)
DCL 9.01 Increased By ▲ 0.40 (4.65%)
DFML 41.34 Increased By ▲ 0.30 (0.73%)
DGKC 106.06 Increased By ▲ 7.08 (7.15%)
FCCL 37.52 Increased By ▲ 1.18 (3.25%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.26 Increased By ▲ 0.18 (1.05%)
HUBC 129.71 Increased By ▲ 3.37 (2.67%)
HUMNL 14.02 Increased By ▲ 0.58 (4.32%)
KEL 5.41 Increased By ▲ 0.18 (3.44%)
KOSM 7.17 Increased By ▲ 0.34 (4.98%)
MLCF 46.38 Increased By ▲ 2.28 (5.17%)
NBP 65.66 Increased By ▲ 5.97 (10%)
OGDC 225.46 Increased By ▲ 4.36 (1.97%)
PAEL 44.52 Increased By ▲ 3.99 (9.84%)
PIBTL 8.38 Increased By ▲ 0.30 (3.71%)
PPL 198.96 Increased By ▲ 7.43 (3.88%)
PRL 40.46 Increased By ▲ 1.91 (4.95%)
PTC 27.30 Increased By ▲ 0.30 (1.11%)
SEARL 106.29 Increased By ▲ 1.96 (1.88%)
TELE 9.63 Increased By ▲ 1.00 (11.59%)
TOMCL 35.65 Increased By ▲ 0.69 (1.97%)
TPLP 15.07 Increased By ▲ 1.37 (10%)
TREET 25.63 Increased By ▲ 0.74 (2.97%)
TRG 70.45 Decreased By ▼ -3.10 (-4.21%)
UNITY 33.55 Increased By ▲ 0.28 (0.84%)
WTL 1.83 Increased By ▲ 0.12 (7.02%)
BR100 12,391 Increased By 403.8 (3.37%)
BR30 38,407 Increased By 1229.1 (3.31%)
KSE100 115,259 Increased By 3907.8 (3.51%)
KSE30 36,300 Increased By 1260.9 (3.6%)

MILAN: Energy-intensive industries in Italy are modifying their production to save energy as they struggle with soaring bills, a top official at the ecological transition ministry said on Sunday.

“There are entire industrial sectors, the glass and canning industry, where rationing, in the form of self-rationing, has already begun, albeit silently,” said Massimiliano Atelli, who heads the ministry’s committee that evaluates the environmental impact of new renewable energy plants. “But this is not without costs, social costs... because the moment production slows down we should think about those who work in those industries,” he said, speaking at a conference.

Italy, which last year got nearly 40% of the gas it imported from Russia, has recently clinched deals with several alternative gas producing countries to reduce its dependence on Moscow. Half of the gas is burned to produce electricity. These agreements have allowed Rome to fill its gas storage quickly, but have not been enough to protect its industries from sky-rocketing energy costs.

This has led entrepreneurs and politicians to criticise the government led by Prime Minister Mario Draghi which, unlike Germany, has so far said there is no need to impose state measures to ration gas.

Attending the same conference, a top official of Italy’s gas grid operator Snam said the country’s gas storage system would be 80% full in the next few days.

Comments

Comments are closed.