As Eni SpA shifts its focus from enduring the loss of Russian natural gas to solidifying long-term energy supply for Europe, management sees a corridor through Africa and the Mediterranean – and its pipeline of exploration projects – unlocking energy security for the continent. CEO Claudio Descalzi told analysts during a call last week that…
Eni SpA
Articles from Eni SpA
Production Platform Heads to BP’s Greater Tortue Ahmeyim LNG Project – The Offtake
A floating production, storage and offloading vessel is on its way to the Greater Tortue Ahmeyim (GTA) LNG project operated by BP plc off the coast of Mauritania and Senegal in Africa, according to the company. The vessel left a Chinese shipyard last week after three years of construction. Once operational, BP estimates the first…
January 24, 2023
Eni Plans Second Republic of Congo FLNG Unit in Bid to ‘Leverage Gas Equity’
Eni SpA is moving forward with plans to increase natural gas exports from the Republic of Congo with a second floating LNG (FLNG) terminal provided by Wison Heavy Industry Co. Ltd. The Italian supermajor disclosed a contract Thursday with the unit of Shanghai-based Wison to construct and install a 2.4 million metric tons/year (mmty) capacity…
December 22, 2022
Eni Loads First Coral-Sul LNG Cargo Offshore Mozambique
The Coral-Sul Floating LNG (FLNG) terminal operated by Eni SpA offshore Mozambique has loaded its first cargo, marking a long-awaited debut as European buyers scramble for natural gas sources. The first liquefied natural gas volumes from the Coral-South project were loaded on a BP plc ship; the supermajor has long-term offtake agreements for all production…
November 14, 2022
Eni Moves to Replace Russian Natural Gas Imports as High Prices Sustain Profits
Italy’s Eni SpA saw its natural gas sales drop by almost a quarter in the third quarter of 2022 compared to year-prior levels, but soaring commodity prices led it to another high profit period as it progresses efforts to replace Russian imports and optimize its LNG business. The firm’s natural gas sales plummeted during the…
November 8, 2022
Eni Nearing First LNG Exports from Coral-Sul Project in Mozambique
Mozambique could soon export its first LNG from the Eni SpA-operated Coral-Sul Floating LNG (FLNG) facility offshore Mozambique’s northern coastline, as an LNG tanker is sailing to the facility to load the first cargo. The British Mentor was floating in the Mozambique Channel on Thursday, just south of the Comoro Islands, according to ship-tracking data…
August 25, 2022
Eni, TotalEnergies Announce Significant Natural Gas Discovery
Italy’s Eni SpA and Paris-based TotalEnergies on Monday said they made a major natural gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. Located about 100 miles southwest of the Cyprus coast, Cronos-1 “encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters,” TotalEnergies said.…
August 23, 2022
Italy’s Eni Stems Falling Natural Gas Sales with LNG, Production Agreements
Italy’s Eni SpA expects to beat previous guidance on new exploration volumes and continue its pace of securing new natural gas sources for European markets as it seeks to reverse the hit its LNG and European gas marketing businesses took in the second quarter. The Rome-based supermajor, majority-owned by the Italian government, has been focusing…
August 3, 2022
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