Italy to Begin Gas Refilling Next Month to Avoid Price Spikes

Italy, the EU’s third-largest economy and the country holding the second-biggest natural gas storage space in the bloc, plans to begin refilling its sites as early as February, to avoid price spikes later in the year, Italian Energy Security Minister, Gilberto Pichetto Fratin, said on Thursday. “Due to ongoing geopolitical tensions and possible speculation, there is a risk for 2025 that wholesale gas prices next summer will be higher than next winter, as was the case during the energy crisis of 2022,” Pichetto told Parliament.…