Italy’s Economic Development Minister Carlo Calenda has proposed a national energy strategy aimed at overhauling the country’s gas sector and cutting prices by 5%. Under the plan, Italy would buy pipeline capacity in neighbouring Switzerland.

But Calenda’s proposal to use the Swiss capacity to try to boost liquidity and lower prices in Italy has led to a backlash from a lobby group that represents most of Europe’s major energy companies and trading houses, reported Bloomberg.

“It shouldn’t...

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