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Eni CEO warns Europe could face high gas prices in January - XLE News | Rallies

Eni CEO warns Europe could face high gas prices in January

XLE•2026-07-16

Eni CEO warns of higher energy-flow risks and January gas prices

July 16 (Reuters) - Eni ENI.MI CEO Claudio Descalzi tells a parliamentary committee:

Risk attached to the Middle East's energy flows will be higher than before even when peace is established.
Europe could have a problem of high gas prices in January 2027 due to stop to Russian gas, low storage levels.
Hormuz crisis is shifting investment focus for oil, gas industry towards East Asia and Latin America.

Further company coverage: ENI.MI

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