Italy's ENI sources gas from Algeria May 27, 2022

from World Business Report· ·

The Italian energy giant ENI has signed a deal with Algeria's Sonatrach to buy more gas. The supplies, which will come under the Mediterranean Sea, will likely reduce Italy's reliance on Russian gas, amid the conflict in Ukraine. James Waddell is the head of European gas at the analysts Energy Aspects in London, and discusses the energy relationship between Africa and the EU. This week, Turkey's central bank held interest rates at 14%, despite inflation running at around 70%. But the country's financial regulator says banks' profitability continues to rise, and we find out more from Murat Gulkan, chairman and …



The Italian energy giant ENI has signed a deal with Algeria's Sonatrach to buy more gas. The supplies, which will come under the Mediterranean Sea, will likely reduce Italy's reliance on Russian gas, amid the conflict in Ukraine. James Waddell is the head of European gas at the analysts Energy Aspects in London, and discusses the energy relationship between Africa and the EU. This week, Turkey's central bank held interest rates at 14%, despite inflation running at around 70%. But the country's financial regulator says banks' profitability continues to rise, and we find out more from Murat Gulkan, chairman and chief executive of OMG Capital Advisors in Istanbul. Passengers at Amsterdam's Schiphol airport are facing ongoing chaos with many flights cancelled amid a shortage of security staff, as passengers return to flying in the wake of the coronavirus pandemic. We get the background from Simon Calder, travel editor of The Independent. Plus, ahead of this weekend's Champions League football final between Liverpool and Real Madrid, we talk to John Burn- Murdoch of the Financial Times about how clubs' fortunes on the pitch are increasingly determined by the fortune they have in their bank accounts.