(Finance) – Security energy and accessibility through the geographical and technological diversification, reduction of emissions, focus on technology and innovation, and creation of value for shareholdersi: these are the i pillars on which the 2023-2026 strategic plan presented is based from ENI in Rome.
“This confirms the strength and effectiveness of our strategy”- explained the CEO, Claudio Descalzi, in a press conference during which he took stock of several topics, starting from good storage situation which is improve than what could be expected because we started from a level very high in stocks, over 90%, and that got us to about the 64% current. If this climate continues, we will end the winter with double the gas stored compared to last year”but it’s all likely because if the cold arrives… Descalzi specified anyway, also explaining that the imposition of a price cap at European level “it was positive because “Authority can impact the market, giving a very precise signal that goes beyond the dimension. It had to be done immediately, when we reached a moment of degeneration, with the price not linked to physical factors”.
“For next year, the regasifier – continued the CEO – Around 7-8 billion will arrive next year and will be accumulated by the Piombino regasification terminal, while in 2024 there should be another regasifier, maybe even a third. We must have the gasbut also to be sure that there are also regasifiers”.
Descalzi recalled that “the replacement of Russian gas is already taking place, for example by filling stocks that were previously empty. Then there is the entire pipeline part, with the gas that can come from, for example Norway. Also, the North Africa has become essential: Algeria is the first supplier, Libya can increase flexibility and Egypt has supplied us with more LNG”.
Commenting on the 2022 results, the CEO he reaffirmed his concrete commitment “not only in advancing our environmental sustainability goals, but also in guaranteeing Italy’s energy security and then to Europe, building a geographical diversification and of energy sources”.