Eni CEO Warns of Worsening Global Energy Crisis

The head of Italian company Eni, Claudio Descalzi, warned of an escalating global energy crisis due to declining oil and gas supplies and increased competition for resources, especially in Europe, which will heavily depend on LNG imports from the United States before winter. He pointed out Europe's need to purchase around 35 billion cubic meters of gas to fill storage to 80%, noting that Italy has reached a storage filling rate of 70%. He also emphasized the importance of diversifying energy sources and investing in renewable energy, while highlighting the growing risks related to the security of strategic maritime passages, particularly the Strait of Hormuz.

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