Italy Blames Germany for Gas Price Spike
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The price of gas has sharply increased, with Italy blaming Germany for delays in filling storage facilities. Italy's energy minister, Alessandro Noce, criticized Germany for prioritizing the privatization of energy companies over gas storage, leading to higher prices. The gas price reached 103.43 euros per megawatt hour, the highest level since mid-December 2022. Italy has spent hundreds of millions of euros filling its storage facilities, which are now nearly 91% full, compared to Germany's 61.7%. An Italian official warned that the gas price could reach between 150 and 180 euros per megawatt hour if January is cold.
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