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According to its quarterly results report released on Friday, Eni sold 3.4 bcm (2.5 million tonnes of LNG) in the first quarter of this year.
Quarterly LNG sales were higher compared to 3.4 bcm in the previous quarter, which increased 19 percent year-on-year.
The Italian firm said LNG sales in the first quarter increased due to more supply from Congo, Nigeria, and the US.
Eni sold 12.1 bcm (8.8 million tonnes) in 2025, up 23 percent from 2024.
The company sold 9.8 bcm in 2024, a rise of 2 percent compared to 9.6 bcm in 2023.
In February, Eni Nguya’s floating liquefied natural gas (FLNG) unit shipped its first cargo, marking the start of exports of the second phase of the Congo LNG project.
The project now has two operational FLNG’s and a capacity of of 3 million tonnes per annum (mtpa) of LNG, equivalent to 4.5 bcm of gas per year.
Eni shipped the first LNG cargo from its Tango floating LNG facility moored in Congolese waters in February 2024.
In the first quarter of this year, Eni’s natural gas sales were 13.90 bcm, an increase of 15 percent from the comparative period.
Eni said sales in Italy increased by 29 percent year-on-year, with higher volumes sold in the wholesale market, while sales in the European market amounted to 5.23 bcm, an increase of 5 percent year-on-year, reflecting higher sales in Germany, Austria, and Benelux.
Earnings
Eni’s global gas and LNG business reported a proforma adjusted EBIT of 315 million euros ($368 million) in the first quarter.
The Italian firm said this was “in line with the comparative period benefitting from the continued asset portfolio optimizations.”
Overall, Eni reported adjusted EBIT of 3.54 billion euros, and adjusted net profit of 1.3 billion euros, both down year-on-year.