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According to its quarterly results report released on Thursday, Eni sold 3.2 bcm (2.4 million tonnes of LNG) in the fourth quarter of this year.
Quarterly LNG sales were slightly lower compared to 3.3 bcm in the previous quarter, which increased 50 percent year-on-year.
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.
Earlier this month, 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.
In February 2024, Eni shipped the first LNG cargo from its Tango floating LNG facility moored in Congolese waters.
In the fourth quarter of last year, Eni’s natural gas sales were 13.41 bcm, a decrease of 12 percent from the comparative period due to lower volumes sold in the wholesales segment in Italy and Europe.
In 2025, natural gas sales amounted to 43.72 bcm, down by 14 percent year-on-year, mainly driven by lower volumes marketed in Italy and in the European markets, in particular in Turkiye following the termination of the gas sale contract on BlueStream at the end of 2024, Eni said.
Sales in the rest of the world reported a positive performance, increasing by 44 percent and 30 percent, respectively, sustained by increasing LNG sales, Eni said.
Earnings
Eni’s global gas and LNG business reported a proforma adjusted Ebit of 135 million euros ($159 million) in the fourth quarter, a drop of 40 percent year-on-year.
The Italian firm attributed the drop to a “weaker market scenario especially in terms of volatility, spreads and overall lower price environment.”
Additionally, the comparative quarter benefitted from positive one-off benefits from commercial agreements, it said.
In 2025, proforma adjusted Ebit amounted to 1,045 million euros, down by 8 percent compared to the previous year, due to “weaker market scenario and lower benefits of contractual renegotiations and settlements.”
Overall, Eni reported adjusted net income of 1.20 billion euros, up 35 percent year-on-year.
Full-year adjusted net income dropped 5 percent to 4.99 billion euros.