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Eni answers shareholder questions ahead of May 6 meeting
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Eni answers shareholder questions ahead of May 6 meeting
  • Eni published pre-meeting proxy Q&A for the May 6, 2026 ordinary and extraordinary shareholders’ meeting, dominated by Nigeria, LNG, and CCS topics.
  • Nigeria OPL 245 conversion confirmed: NNPC back-in to 30% with NAE 35% and SNEPCo 35%; no consideration paid.
  • NAE and SNEPCo each hold 50% contractor interest under a PSC covering NNPC’s 30% stake; new PMLs and PPLs cover the same area.
  • Etan/Zabazaba preparatory work targets FID with first production by 2030; associated gas planned for Nigeria LNG with no additional gas-rights payments.
  • Eni confirmed it is seeking to sell its 5% interest in Renaissance JV; buyer identity and valuation kept confidential; due diligence to screen reputational risk.
  • Argentina LNG Phase with YPF and XRG targets 12 MTPA via two FLNGs; FID expected toward end-2026; four-year build to start-up.
  • Ravenna CCS Phase 1 injection ended August 2025; capture efficiency above 90% with peaks at 96%; Phase 1 investment about EUR 140 million.
  • Ravenna CCS Phase 2 targets 4 MTPA storage by 2030 using Porto Corsini Mare Ovest and Porto Garibaldi/Agostino; total supply-chain estimate EUR 4.5 billion.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eni S.p.A. published the original content used to generate this news brief on May 27, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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