Starting at the end of this decade, Eni is preparing to receive 2 million tons of liquefied natural gas per year. liquefied natural gas (LNG) (LNG) from the CP2 LNG plant, located in Cameron Parish, Louisiana. This is established in the contract signed with Venture Global, which will be valid for 20 years.
LNG supply from the U.S. drives Eni’s expansion
On the one hand, the agreement represents Eni’s first foray into long-term supply contracts with a U.S. LNG producer. In this way, the Italian company seeks to strengthen its energy portfolio and expand its reach in key markets.
On the other hand, part of the committed volumes will be destined for Europe, where diversification of gas supply sources remains a priority. With a projected maximum capacity of 28 million tons per year, CP2 LNG is a project under development that consolidates Venture Global as a major player in U.S. energy exports.
Objectives and adaptation
In parallel, Eni maintains its target of reaching approximately 20 million contracted tons in its LNG portfolio by 2030, underscoring its ambition of leadership in global LNG trading.
The agreement also gives the Italian company greater commercial flexibility, allowing it to adapt to the dynamic needs of its customers in different international markets.
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Source: Eni
Photo: Shutterstock
