We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Eni's Gas Discoveries Power Its Push to Capture Rising LNG Demand
Read MoreHide Full Article
Key Takeaways
Eni advances LNG projects in Mozambique and Indonesia to meet rising LNG demand.
Eni discovered 5 Tcf of gas at the Geliga-1, boosting the Kutei Basin's resource potential.
E leverages its JV with Petronas to build LNG supply for global and domestic markets.
Eni S.p.A. (E - Free Report) operates across exploration, production, gas, liquified natural gas (LNG), power, refining and chemicals segments. The company is expanding its presence in renewables, bio-refining through Enilive, and power sales via Plenitude. With operations in 62 countries, Eni is leveraging its strong exploration and production capabilities to reshape its portfolio toward gas and LNG, aligning with the growing demand for lower-carbon fuels worldwide.
To capitalize on this opportunity, Eni is accelerating key LNG initiatives, such as launching the Coral Norte floating LNG vessel in Mozambique and advancing with two large deepwater gas projects offshore East Kalimantan. In Southeast Asia, the integrated energy major has strengthened its growth outlook with a significant gas discovery at the Geliga-1 well in Indonesia. The discovery is estimated to contain around 5 trillion cubic feet of gas and 300 million barrels of condensate. This follows several successful wells drilled in the Kutei Basin, highlighting the region’s strong resource potential. These discoveries support Eni’s strategy of developing scalable gas production centers to efficiently meet both regional and global LNG demand.
Through its joint venture (JV) with Petronas, the company is building infrastructure to supply both domestic markets and international LNG buyers. The Geliga discovery further reinforces Indonesia’s role as a key LNG supply hub. Overall, Eni’s expanding resource base and project pipeline position it well to benefit from sustained growth in global LNG demand.
How is Growing LNG Demand Benefiting EQT & AR?
Growing LNG demand is set to boost the cash flows of energy companies like EQT Corporation (EQT - Free Report) and Antero Resources Corporation (AR - Free Report) as they are involved in the production of natural gas.
With a prominent position in the Marcellus Shale, EQT is well-positioned to capitalize on growing natural gas demand, driven by rising LNG exports and data center expansion. EQT is reinforcing its growth strategy by targeting high-return, infrastructure-focused growth projects, with planned investments of $580–$640 million in 2026 to boost production capacity. Backed by more than 30 years of low-risk drilling inventory, EQT is well aligned to capitalize on long-term global demand trends.
Antero Resources, headquartered in Denver, is an independent energy producer focused on natural gas and natural gas liquids in the Appalachian Basin. It leverages horizontal drilling and hydraulic fracturing to efficiently develop its asset base, mainly located in West Virginia and Ohio. Robust natural gas demand driven by higher liquified natural gas exports and power consumption is expected to benefit AR as it stands as a major U.S. natural gas producer.
E’s Price Performance, Valuation & Estimates
E shares have gained 86.7% over the past year compared with 44.8% growth of the industry.
Image Source: Zacks Investment Research
From a valuation standpoint, E trades at a trailing 12-month enterprise-value-to-EBITDA (EV/EBITDA) of 6.41X. This is below the broader industry average of 6.65X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for E's first-quarter 2026 earnings has seen downward revisions over the past seven days. Meanwhile, the estimate for full-year 2026 earnings has seen upward revisions. The Zacks Consensus Estimate for second-quarter 2026 earnings has remained unchanged during the same period.
View the Zacks #1 Rank List
Image: Bigstock
Eni's Gas Discoveries Power Its Push to Capture Rising LNG Demand
Key Takeaways
Eni S.p.A. (E - Free Report) operates across exploration, production, gas, liquified natural gas (LNG), power, refining and chemicals segments. The company is expanding its presence in renewables, bio-refining through Enilive, and power sales via Plenitude. With operations in 62 countries, Eni is leveraging its strong exploration and production capabilities to reshape its portfolio toward gas and LNG, aligning with the growing demand for lower-carbon fuels worldwide.
To capitalize on this opportunity, Eni is accelerating key LNG initiatives, such as launching the Coral Norte floating LNG vessel in Mozambique and advancing with two large deepwater gas projects offshore East Kalimantan. In Southeast Asia, the integrated energy major has strengthened its growth outlook with a significant gas discovery at the Geliga-1 well in Indonesia. The discovery is estimated to contain around 5 trillion cubic feet of gas and 300 million barrels of condensate. This follows several successful wells drilled in the Kutei Basin, highlighting the region’s strong resource potential. These discoveries support Eni’s strategy of developing scalable gas production centers to efficiently meet both regional and global LNG demand.
Through its joint venture (JV) with Petronas, the company is building infrastructure to supply both domestic markets and international LNG buyers. The Geliga discovery further reinforces Indonesia’s role as a key LNG supply hub. Overall, Eni’s expanding resource base and project pipeline position it well to benefit from sustained growth in global LNG demand.
How is Growing LNG Demand Benefiting EQT & AR?
Growing LNG demand is set to boost the cash flows of energy companies like EQT Corporation (EQT - Free Report) and Antero Resources Corporation (AR - Free Report) as they are involved in the production of natural gas.
With a prominent position in the Marcellus Shale, EQT is well-positioned to capitalize on growing natural gas demand, driven by rising LNG exports and data center expansion. EQT is reinforcing its growth strategy by targeting high-return, infrastructure-focused growth projects, with planned investments of $580–$640 million in 2026 to boost production capacity. Backed by more than 30 years of low-risk drilling inventory, EQT is well aligned to capitalize on long-term global demand trends.
Antero Resources, headquartered in Denver, is an independent energy producer focused on natural gas and natural gas liquids in the Appalachian Basin. It leverages horizontal drilling and hydraulic fracturing to efficiently develop its asset base, mainly located in West Virginia and Ohio. Robust natural gas demand driven by higher liquified natural gas exports and power consumption is expected to benefit AR as it stands as a major U.S. natural gas producer.
E’s Price Performance, Valuation & Estimates
E shares have gained 86.7% over the past year compared with 44.8% growth of the industry.
From a valuation standpoint, E trades at a trailing 12-month enterprise-value-to-EBITDA (EV/EBITDA) of 6.41X. This is below the broader industry average of 6.65X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for E's first-quarter 2026 earnings has seen downward revisions over the past seven days. Meanwhile, the estimate for full-year 2026 earnings has seen upward revisions. The Zacks Consensus Estimate for second-quarter 2026 earnings has remained unchanged during the same period.
Image Source: Zacks Investment Research
E currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.