Since the first attack last Saturday by Hamas on Israel, international gas prices have increased dramatically to reach 43,60 Euro/MWh yesterday with a +15,00% in just a few hours. The situation of the two reference crude oils, WTI at $88,80/barrel and BRENT at $89,50/barrel on the main international stock exchanges, is no different.
The President of FederPetroli Italia - Michele Marsiglia at the opening of today's markets “It seems like a script we've already seen, with a danger of foreign supplies announced last week in a RAI live broadcast on the problem of our supplies in Africa and the Middle East.
Off the coast of the Gaza Strip, continuing along the coasts of the Israeli Offshore, we have a large methane gas field called Leviathan which runs north between Cyprus and Lebanon (the latter in the south under the control of Hezbollah), we are talking about one of the fields largest in the world in the Mediterranean. A large oil reserve that has already attracted international development interests for the quantity of methane it will have in production in the coming decades. The offshore field could upset the energy balance of the Middle East. Leviathan has methane gas production autonomy for over 50 years.
Italy is at risk with 80% of its energy supply coming from abroad (oil and gas). The panic on international prices of petrol and diesel is already evident with repercussions on the cost of bills. Pay attention to the words about Iran and Qatar, let's safeguard the security of the gas pipelines and the Strait of Hormuz."
It was news a few hours ago that Israel, as a precaution, has already blocked production from the Tamar offshore field with the American CHEVRON as operator. We are located about 90 km at sea from Haifa. This supply feeds part of Egypt and other gas is transported to Europe.