Italy has secured a major energy deal with the United States, as Eni, the Italian energy giant, signs a 20-year agreement with U.S.-based Venture Global.
Under this contract, Eni will purchase 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Calcasieu Pass 2 (CP2) project in Louisiana.
This deal marks a significant milestone for both countries, as it is Eni’s first long-term LNG contract with a U.S. supplier, and it is set to begin by the end of the decade, once the CP2 facility becomes operational.
The partnership aims to diversify Europe’s energy sources, reducing its reliance on traditional suppliers while strengthening its energy security.
The U.S. has increasingly become a key player in the global LNG market, with Italy being one of the European nations expanding its imports of American natural gas.
This agreement aligns with Eni’s broader strategy to boost its LNG portfolio to 20 MTPA by 2030, supporting its goal of enhancing global energy supply resilience.
The collaboration between Eni and Venture Global also signals a deeper transatlantic energy partnership, reinforcing the growing role of the U.S. in global energy dynamics.
As the CP2 project progresses, this deal will help meet Italy’s future energy needs and contribute to the broader diversification of Europe’s gas supplies.