Italy's Edison agrees to extend Algeria gas supply deal to 2027

Italian energy group Edison said it had reached an agreement with Algeria’s Sonatrach to extend a gas supply contract to 2027.

Edison, owned by French utility EDF, said the contract would allow it to take one billion cubic metres of gas per year from Algeria for 8 years.

The company said the agreement would allow Italy to diversify its gas supply sources.

Italy, which imports more than 90% of its gas, gets around 40% of its supplies from Russia. (Reporting by Stephen Jewkes; editing by James Mackenzie)