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Italy looks underground to strengthen energy security and reduce a €60 billion import bill

By: We the Italians Editorial Staff

Italy is preparing to make greater use of its domestic oil and natural gas resources as part of a broader effort to strengthen energy security, reduce dependence on foreign suppliers and improve the country’s energy balance.

The economic case is significant. Italy is expected to spend almost €60 billion on energy imports in 2026 – roughly €8 billion to €9 billion more than in 2025. During the first half of this year alone, the cost of net energy imports increased by more than €3 billion compared with the same period in 2025.

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We the Italians # 202