Eni targets LNG portfolio expansion
The Italian oil and gas firm is aiming to grow despite a challenging market
Eni is looking to further expand its global LNG portfolio and is looking optimistically at the opportunities presented by the sector—despite concerns about a supply glut as new projects continue to arrive and ramp up to plateau output. Development of Eni’s LNG portfolio is progressing at a faster speed than previously forecast, Franco Magnani, Eni’s executive vice president, gas business unit, told Petroleum Economist on the sidelines of the European Annual Gas Conference (EAGC) in Paris. “We are in a context of strong demand but also of many LNG [export] projects coming on stream,” says Magnani. While this poses challenges, “this is not a new situation for the sector”. “LNG has always been
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
