Italy’s energy company ENI calls for delay of Russian gas ban amid Hormuz Strait crisis

Claudio Descalzi, head of Italian energy company ENI, has stated it is “necessary” to reconsider or delay the European Union’s planned ban on imports of Russian gas, set to take effect in 2027.

The CEO said the measure concerns roughly 20 billion cubic metres of Russian liquefied natural gas and argued that its implementation should be postponed due to ongoing energy market risks, Caliber.Az reports, citing French media.

He noted that the situation on global energy markets has been complicated by the consequences of the war in the Middle East and effective restrictions on shipping through the Strait of Hormuz.

Descalzi stressed that the jet fuel market remains particularly vulnerable, while several countries are already being forced to reduce consumption.

He also said Europe must ensure stability of maritime routes and “unblock the strait” to normalise supply flows.

Amid the crisis, EU countries continue to reshape their energy balance. Italy is strengthening cooperation with Algeria and increasing gas imports from Africa and the Americas, partially replacing previous supplies.

The European Union has previously approved a phased ban on Russian gas from 2027, although several countries, including Hungary and Slovakia, have expressed opposition to the plan.

By Bakhtiyar Abbasov