ENI has been keen to grow its gas production after committing to replacing Russian gas volumes by 2025. With new gas deals, gas field discoveries and developments and acquisitions, ENI has been emerging from the current energy crisis as a heavier weight in the European gas business. The recent reports on the preliminary discussions to acquire Neptune Energy, which has a geographically-diversified gas-weighted portfolio, for $5-$6bn would be a good strategy although Neptune may demand a slightly ....
