Tango FLNG; Source: Eni

Eni reveals ‘excellent’ annual results as natural gas and LNG business cushions drop in profit

While on a mission to boost energy security and propel decarbonization forward in a challenging environment marked by a steep fall in oil and gas prices, Italy’s energy giant Eni has disclosed strong financial and operating results for the fourth quarter and full year 2023 on the back of its natural gas and LNG portfolio, which has been bolstered further with the acquisition of Neptune Energy’s business. However, the European oil major still experienced a 38% fall in annual net profit compared to the sum collected in 2022.

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