🚨 THE ENERGY GAP IS NOT CLOSING

It’s scaling with income

• US 250–300 GJ per person
• #India 25–30 GJ per person
• DR Congo 1 GJ per person

Huge gap between richest and poorest

Why?

• Industrialisation drives energy intensity
• Urbanisation multiplies electricity demand
• Mobility = oil demand
• Income growth = appliance growth

If billions move from $5k to $15k GDP per capita:

• Power grids must triple
• LNG demand structurally rises
• Oil demand plateaus later than expected
• Coal exits slower than models assume

Per capita #energy use is a proxy for wealth.

And most of the world is still at the bottom left of that chart.

Markets price peak demand.

Demographics price expansion.

#oott

🚨 ENI Locks In 4.5 bcm/year New LNG + 29,000 km² in Libya

🇪🇺 Ensuring gas for Europe

🇨🇬 Congo LNG Phase 2 Is Now Online

With Phase 2 exports underway:

• Total capacity: 3 mtpa
• 4.5 bcm/year
• FLNG (Nguya) tied to Nené & Litchendjili fields
• First cargo loaded early February

This moves Eni closer to its target of 20 mtpa LNG equity by 2030

Post-Russia, Europe needs:

• Shorter shipping routes
• Diversified equity LNG
• Supply outside US–Qatar concentration

Congo is a solution

🇱🇾 Libya: 29,000 km² Offshore With QatarEnergy

In Libya’s first licensing round since 2007:

• Eni 60% (Operator)
• QatarEnergy 40%
• Offshore License O1, Sirte Basin extension
• 5-year exploration window
• Major 2D/3D seismic + drilling planned

This block includes:

• Stranded discoveries
• Undeveloped oil & gas potential
• Vast areas with limited seismic

High risk, high impact exploration on Europe’s doorstep.

#oott #NatGas #LNG #Africa #Qatar