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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
