Eni Attracts Funding Interest for Next Floating LNG Plant [Financial Post (Toronto, Ontario, Canada)]
ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Eni SpA has received more than enough interest for its next floating liquefied natural gas project in Mozambique, even as international lenders face growing pressure to reduce exposure to fossil fuels. Luca Vignati, director of Eni's upstream business, said in an interview that the plant will cost about the same as its $7 billion Coral South project, inaugurated in 2022. Investment decisions for the new plant could be in place as soon as this quarter, he said. While oil projects are facing growing challenges to find financing as the world moves toward decarbonization, gas is a cleaner burning fuel and seen as part of the energy transition. Potential lenders of Coral North include the US Export-Import Bank, which has listed the project as pending on its website. “Financing from international institutions and first investors are there for more tha
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- Eni S.p.A. (NYSE: E) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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Sec Filings
- 11/20/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/6/24 - Form 6-K
- E's page on the SEC website