Eni Expects ‘Very Finely Balanced’ LNG Market This Year

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Eni expects a 'very finely balanced' LNG market in 2026 due to high European demand and rebounding Asian consumption, contradicting forecasts of a supply glut.

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Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
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90%
Time Horizon
Short Term

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Contrary to forecasts of an LNG supply glut as soon as this year, Italy’s energy major Eni expects a “very finely balanced” market in 2026 as European demand is set to remain high after the winter to fill depleted inventories, and Asian consumption is expected to rebound with softer prices. “Europe has very low storages, and we need to refill it in the summer,” Cristian Signoretto, Director of the Global Gas & LNG Portfolio at Eni, told Reuters on the sidelines of the LNG2026 conference in Doha, Qatar. …

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Original article published by OilPrice.com on February 4, 2026.
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