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Sinochem New Network reports that recently, Italian energy giant Eni announced that it has reached a ten-year LNG sales agreement with **Gulf Development Company, aiming to further expand its presence in the Asian market. Under the agreement, starting from 2027, Eni will supply **800,000 tons of LNG per year, which will be received at the ** regasification terminal. This long-term agreement builds upon a smaller-scale contract concluded between the two parties in 2024, which had a duration of two years and involved an annual supply of 500,000 tons. It reflects Gulf Development Company’s growing demand for imported natural gas, given the decline in domestic natural gas production; Gulf Development Company is one of the country’s largest private power producers. For Eni, this is the first time it has **secured a long-term LNG supply contract**, marking the company’s successful expansion into this key Asian market. The agreement is a strategic manifestation of Eni’s efforts to secure long-term demand in Asia’s high-growth markets and expand its customer base. Eni plans to increase the size of its global LNG portfolio to approximately 20 million tons per year by 2030. Its supply sources will come from multiple upstream and liquefaction projects currently underway in countries such as the Congo, Mozambique, the United States, and Indonesia. This move follows a series of recent supply agreements Eni has concluded in Asia and the Mediterranean region, demonstrating that in a market environment where Asian buyers are actively securing gas volumes amid tightening long-term supply and demand dynamics, Eni is accelerating the commercial expansion of its LNG marketing business.