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During a visit to Algiers, Prime Minister Giorgia Meloni said Italy will deepen cooperation with Algeria on energy, including new maritime gas projects, to strengthen gas supplies. Algerian President Abdelmadjid Tebboune pledged to honor commitments and called Italy a strategic partner.
Recent strikes by Israel and Iran on oil and gas facilities have pushed global energy markets into crisis mode. Damage to major infrastructure, including the South Pars field and a Qatari LNG plant, could remove years of supply and drive prices and inflation higher.
A rapid series of strikes and missile launches has hit major oil and gas facilities across the Gulf, damaging Qatar’s LNG hub and putting global gas and oil markets on high alert.
Iran attacked energy sites in Qatar, including its main gas facility, saying it was responding to an Israeli strike on Iran's main gas field. Gulf ministers condemned the escalation and urged a halt to the fighting.
Asia braces for an energy shock as Iran’s oil and gas flows face disruption, threatening prices and supply chains across the continent.