12:23 AM EDT, 10/26/2026 (MT Newswires) -- Eni (ENI.MI) is expected to sign subsea infrastructure contracts worth a total of $1.3 billion to $1.8 billion in the coming days in support of its gas development offshore Cyprus, The Wall Street Journal reported Oct. 23, citing people familiar with the matter. The unnamed sources said the deals covering drilling infrastructure and pipeline could be signed as soon as Monday, allowing a production timeline beginning in 2028. The Italian energy company will supply gas to Egypt through the project, the report noted. Eni did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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.