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Eni (BIT:ENI) has started commercial LNG exports from the Nguya FLNG facility in Congo.
This step marks the beginning of Phase 2 of the Congo LNG project.
The project is linked to energy supply for Italy and Europe and economic activity in the local region.
For you as an investor, this new export phase highlights how LNG remains a core part of Eni’s business mix alongside its broader oil and gas activities. The Congo LNG project adds another source of liquefied gas within Eni’s portfolio, at a time when supply security and diversified sourcing remain central topics for European buyers.
In future, the market may focus on how volumes from Nguya and the wider Congo LNG project are integrated into Eni’s contracts and long term gas strategy. Stakeholders may also monitor how this development interacts with European energy policy, infrastructure capacity and Eni’s broader international gas initiatives.
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BIT:ENI Earnings & Revenue Growth as at Feb 2026
How Eni stacks up against its biggest competitors
⚖️ Price vs Analyst Target: At €17.87, Eni trades about 7% above the €16.70 analyst consensus target, which is still within the 10% band.
✅ Simply Wall St Valuation: Simply Wall St estimates the shares are trading roughly 47.6% below their fair value.
✅ Recent Momentum: The 30 day return of about 11.2% shows positive short term momentum ahead of this LNG export news.
Check out Simply Wall St’s in depth valuation analysis for Eni.
📊 The start of LNG exports from Congo adds another producing asset that feeds into Eni’s integrated gas business and long term contract book.
📊 Watch how LNG volumes, realised gas prices and capital spending on the Congo project show up in future earnings and cash flow numbers.
⚠️ One flagged risk is an unstable dividend track record, so investors may want to see how any extra LNG cash flows support future payouts.
For the full picture including more risks and rewards, check out the complete Eni analysis.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.