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CERAWEEK Eni CEO says gas market will be "difficult" for Europe through 2025...
Reuters
Eni Chief Executive Officer Claudio Descalzi attends a signing ceremony as QatarEnergy joins TotalEnergies and Eni to explore Lebanon's offshore oil and gas, in Beirut, Lebanon January 29, 2023. REUTERS/Mohamed Azakir/File Photo
HOUSTON, March 7 (Reuters) - Eni (ENI.MI) CEO Claudio Descalzi said on Tuesday that the natural gas market will be "more difficult" for Europe this winter through 2025 due to a lack of supply from Russia.
"This next year, and also in 2024 and 2025, will be more difficult because last year until July we relied on about 80% of the Russian gas," he told the CERAWeek conference in Houston.
"Now there's no Russian gas at all."
*WRITING BY RICHARD VALDMANISDiscussions
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