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    ENI   IT0003132476

ENI SPA

(ENI)
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Italy's Eni to Export 4.5 Billion Cubic Meters of LNG From Congo Republic by 2025

08/09/2022 | 09:29am EDT

By Emmanuel Tumanjong

Special to Dow Jones Newswires


Italian energy firm Eni SpA said it plans to produce and export 4.5 billion cubic meters of liquefied natural gas from the Republic of Congo by 2025.

"We took stock of a gas export project for which we had signed an agreement. It is a two-phase project, the first of which will begin in the fourth quarter of 2023. The second will extend to 2025 and will give Congo the opportunity to export up to 4.5 billion cubic meters of gas," Chief Executive Claudio Descalzi said Monday, after meeting with Congo Republic President Denis Sassou Nguesso.

Eni and the government of the Central African nation have jointly constructed a power plant in Pointe-Noire that produces electricity from gas.


Write to Barcelona Editors at barcelonaeditors@dowjones.com


Corrections & Amplifications

This item was corrected at 12:35 p.m. ET to show that Eni plans to export 4.5 billion cubic meters of LNG from Congo Republic by 2025. An earlier version misstated the metric as tons in the headline and first paragraph.

(END) Dow Jones Newswires

08-09-22 1129ET

Stocks mentioned in the article
ChangeLast1st jan.
ENI SPA 0.56% 10.862 Delayed Quote.-11.60%
S&P GSCI NATURAL GAS INDEX -1.62% 322.268 Real-time Quote.87.45%
WTI -1.59% 78.272 Delayed Quote.5.25%
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Analyst Recommendations on ENI SPA
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Financials
Sales 2022 115 B 112 B 112 B
Net income 2022 12 246 M 11 906 M 11 906 M
Net Debt 2022 10 550 M 10 258 M 10 258 M
P/E ratio 2022 3,08x
Yield 2022 8,14%
Capitalization 37 550 M 36 509 M 36 509 M
EV / Sales 2022 0,42x
EV / Sales 2023 0,40x
Nbr of Employees 32 562
Free-Float 68,1%
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Technical analysis trends ENI SPA
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TrendsBearishNeutralBearish
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 23
Last Close Price 10,80 €
Average target price 16,36 €
Spread / Average Target 51,5%
EPS Revisions
Managers and Directors
Claudio Descalzi COO-Exploration & Production Division
Francesco Gattei Chief Financial Officer
Lucia Calvosa Chairman
Francesca Zarri Director-Technology, Digital, R&D
Giuseppe Ricci Deputy Chief Operating Officer
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TOTALENERGIES SE4.21%114 422
EQUINOR ASA43.37%101 788