Energy, Oil & Gas

Italy’s energy import to near $69bn in 2026

ROME
Italy’s energy import to near $69bn in 2026

Italy will spend almost €60 billion ($69 billion) this year to import energy, up €8-9 billion from 2025, the national fuel producers association UNEM said.

"Last year we had an energy bill of €48.7 billion, more than 7 billion less than in 2024, but this year our estimate is that it could rise to around €57–58 billion," Gianni Murano, UNEM President, said at the annual meeting of the association.

UNEM said Italy's bill for oil imports could reach around €24 billion in 2026, 4.5 billion more than last year, assuming average Brent oil prices of $90 ‌per barrel in 2026.