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…
Eni SpA
Articles from Eni SpA
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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