Cyprus and ENI in race to sign gas deal before end-of-March Egypt forum
Cypriot President Nikos Christodoulides and ENI CEO Claudio Descalzi engaged in intensive negotiations in Rome, extending a working breakfast into a two-hour session. This signals a concerted effort to finalize a significant gas agreement, with both parties reportedly aiming to conclude the deal before the upcoming East Med Gas Forum in Egypt at the end of March. The urgency underscores the critical push to advance Cyprus's energy monetization strategy and solidify its role in the regional energy landscape.
In-Cyprus · February 27, 2026
Eni’s Q4 2025 net income rises 35% to $1.4bn
Eni's robust financial performance in the fourth quarter of 2025, marked by a 35% surge in adjusted net income to $1.41 billion, underscores the company's operational resilience and effective capital management. This significant growth positions Eni favorably for strategic investments and reinforces its capacity to advance key projects globally, including those in the Eastern Mediterranean. The results reflect strong underlying business fundamentals and potentially favorable market conditions during the period.
Offshore Technology · February 27, 2026