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Amoxtli@thelemmy.club to Economy@lemmy.worldEnglish · 9 days ago

Edison aims to replace some pipeline gas with flexible LNG supply

finance.yahoo.com

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Edison aims to replace some pipeline gas with flexible LNG supply

finance.yahoo.com

Amoxtli@thelemmy.club to Economy@lemmy.worldEnglish · 9 days ago
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MILAN (Reuters) -Italian gas and electric utility Edison plans to replace some gas volumes from pipeline contracts with liquefied natural gas to gain more flexibility in managing demand, its CEO said on Wednesday. The company earlier announced a 15-year agreement with Shell to purchase around 0.7 million tonnes a year of U.S. LNG starting in 2028. Edison said this approach would help it adapt to uncertain consumption trends in Italy and across Europe.
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