10 Hrs
اقتصاد سكاي نيوز عربية
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اقتصاد سكاي نيوز عربية

2026-11-05T05:58:19.000Z

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اقتصاد سكاي نيوز عربية

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Oil Gas Investment Needed

Oil Gas Investment Needed

Eni Chief Executive Officer Claudio Descalzi said that meeting rising energy demand—particularly as artificial intelligence and data centers expand—requires investment in oil and gas alongside clean energy sources, rather than replacing one source with another. He stressed that decarbonization is possible through technologies such as carbon capture and biofuels, while reliable supplies and baseload power remain essential. Descalzi noted that over the past 13 years, Eni has made discoveries averaging between 900 million and 1 billion barrels of resources, and is targeting sustainable annual growth of 4 to 5 percent in oil and gas production. The company’s market value has also risen by about 73 percent over the past year and a half. He predicted that prices would remain above $80 to $90 per barrel if the risk premium disappeared, and underscored the importance of diversifying supplies and investing in exploration, transportation and infrastructure.

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