Oct 28 (LNGJ) - Italian energy major Eni posted an almost five-fold increase in third-quarter net profits to €5.86 ($5.87M) compared with €1.20Bln in the same three months of 2021. “We plan to replace at least 50 percent of Russian gas flows this winter, leveraging on our broad and diversified reserve base, our long-standing relationships with producing countries and our growing presence in LNG,” said Eni Chief Executive Claudio Descalzi.
“In the quarter we further enhanced our position in the gas supply chain via our exploration activities, the upstream acquisition of BP assets in Algeria and, on the midstream side, the purchase of the ‘Tango FLNG’ liquefaction vessel as part of the Congo gas valorization project,” added the CEO.
