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Investing.com -- Eni SpA (BIT:ENI) CEO Claudio Descalzi stated that the Kashagan project demonstrated the difficulties in managing oil and gas developments involving multiple major companies, noting such arrangements can result in higher costs and project delays.
Speaking at the Italian Energy Summit 2025 on Wednesday, Descalzi outlined the company’s liquefied natural gas (LNG) growth strategy, announcing that Eni aims to reach 20 million tonnes of LNG under contracts in its portfolio by 2029-2030.
The CEO’s comments about the Kashagan oil field, a massive development in Kazakhstan’s portion of the Caspian Sea, highlighted the operational challenges that can arise when several international oil majors collaborate on a single project.
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