Looking at the Bigger Picture:·The Italian government has drafted a plan to ease the pain of surging energy bills on households and businesses, Reuters reported. The energy package includes boosting local gas output in an attempt to combat the rallying gas prices. As part of the plan, the European country aims to reduce coal consumption and exit nuclear power as it makes way for green sources. The potential acquisition is expected to bring the Italian firm’s valuation up to $1.4 billion (1.2 billion euros). ·French nuclear electric power generation firm, Électricité de France SA has been forced by the government to sell power at a high discount, Bloomberg reported.

Source: Libya Today January 15, 2022 17:13 UTC