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
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
