CERAWeek 2023: Eni CEO says gas market will be “difficult” for Europe through 2025

CERAWeek 2023: Eni CEO says gas market will be “difficult” for Europe through 2025 – Reuters

Eni Chief Executive Officer Claudio Descalzi attends a signing ceremony as QatarEnergy joins TotalEnergies and Eni to explore Lebanon's offshore oil and gas, in Beirut, Lebanon January 29, 2023. — Eni Chief Executive Officer Claudio Descalzi attends a signing ceremony as QatarEnergy joins TotalEnergies and Eni to explore Lebanon’s offshore oil and gas, in Beirut, Lebanon January 29, 2023. (Mohamed Azakir/Reuters)

Writing by Richard Valdmanis, Reuters

HOUSTON
EnergiesNet.com 03 08 2023

Eni (ENI.MI) CEO Claudio Descalzi said on Tuesday that the natural gas market will be “more difficult” for Europe this winter through 2025 due to a lack of supply from Russia.

“This next year, and also in 2024 and 2025, will be more difficult because last year until July we relied on about 80% of the Russian gas,” he told the CERAWeek conference in Houston.

“Now there’s no Russian gas at all.”

Writing by Richard Valdmanis

reuters.com 03 08 2023

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