Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » CEO of Italy’s Eni sees no major energy price upsets in 2023

    CEO of Italy’s Eni sees no major energy price upsets in 2023

    May 1, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Claudio Descalzi, CEO of Italian energy company Eni

    Rome — The CEO of Italian oil and gas company Eni, Claudio Descalzi, has said he does not expect any “big shocks” on the energy markets this year.

    “European gas storages are full and, although the global economy has restarted, demand is not at its highest because China has not yet resumed full operations,” Descalzi said in an interview with La Stampa newspaper.

    “Above all, in these months we have managed to diversify supplies, eliminating dependencies that are dangerous for the stability of supplies and prices,” he added.

    He said imports of Russian gas had fallen to almost zero, thanks to supplies of liquefied natural gas from the United States and new contracts with a number of African countries.

    Prior to Russia’s invasion of Ukraine in 2022, Italy depended on Russia for 40% of its gas imports.

    Eni said on Friday its first-quarter net profit fell 11% year-on-year on lower oil and gas prices compared with the first three months of 2022, but its results nonetheless exceeded expectations.

    Reporting by Crispian Balmer Editing by Helen Popper – Reuters

    Follow us on twitter

    Related News

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    NEPZA, Federal Committee, Dangote Refinery FZE to crash petroleum products prices

    NNPC/First E&P JV achieves 10 million LTI-free man-hours across operations

    E-book
    Resilience Exhibition

    Latest News

    Stakeholders raise alarm over dangers of marine debris

    June 27, 2025

    NCDMB pledges oil industry support for Yikodeen safety footwear

    June 27, 2025

    BPSR applauds NIMASA for championing public service reforms

    June 27, 2025

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    June 27, 2025

    Oyetola, NIMASA pledge zero tolerance for harassment at sea 

    June 27, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.