Eni sees no return to 2022 gas price peaks

Eni trading head Stefano Pujatti stated that natural gas prices are unlikely to return to 2022 highs despite recent Middle East conflict disruptions. He noted that increased global regasification capacity and flexible LNG flows will help limit further surges.

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FILE PHOTO: The logo of Italian energy company Eni is seen on a booth stand during the Nigeria International Petroleum Summit in Abuja, Nigeria February 11, 2020. REUTERS/Afolabi Sotunde

ENI SPA trading chief Stefano Pujatti said Natural Gas prices will not return to the peaks seen during the 2022 energy crisis. The recent surge stems from supply disruptions tied to conflicts involving Iran and low inventories in Europe.