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Italy to declare state of emergency regarding energy supplies

Italy to declare state of emergency regarding energy supplies

Gas supplies from Russian Federation to Italy, which broke off on Tuesday because of the accident at the Baumgarten Austrian gas distribution center, were resumed last night, Reuters reported.

A major European gas distribution hub resumed operations early Wednesday after an explosion knocked it offline, cutting off gas supplies to several countries.

Austrian authorities said the explosion was triggered by a "technical cause", without providing further details.

Ukrtransgaz said Ukraine would also face an "insignificant decrease" in gas supply from Hungary due to the blast and the company is ready to offset the fall using its reserves in underground storages.

Ukraine's state gas and oil firm Naftogaz said earlier this year it had imported 7.1 bcm of natural gas in the first nine months of this year and nearly all of its imported gas came from Slovakia.

A column of fire is seen after an explosion ripped through Austria's main gas pipeline hub in Baumgarten, Austria December 12, 2017 in this picture obtained from social media. A state of emergency status allows the Italian government to carry out extraordinary measures to try to meet energy demands, such as allowing coal and oil power plants to fire at full blast.

In Britain, Europe's biggest gas market, the price of gas for immediate delivery reached its highest level since 2013.

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