BIT:ENIOil and Gas
Does Accelerated Congo LNG Expansion And Turkish Deal Change The Bull Case For Eni (BIT:ENI)?
Eni has already started Phase 2 of its Congo LNG project ahead of schedule, introducing gas to the new offshore system and lifting total liquefaction capacity to 3 million tonnes per year, while also signing a 10-year LNG supply agreement with Türkiye’s BOTAS starting in 2028.
Together, the accelerated Congo LNG ramp-up and Eni’s first long-term Turkish LNG contract underline how floating LNG and multi-year offtake deals are reshaping its gas portfolio footprint.
We’ll now examine how the...