Eni and Repsol Bet Big on Post-Maduro Venezuela

Italy's Eni and Spain's Repsol, two of the largest European energy companies, plan to increase natural gas production from their jointly owned Cardon IV gas field in Venezuela. Currently, output from the Venezuelan gas field, in which Eni and Repsol own 50% each, produces about 580 million cubic feet per day of natural gas. The joint venture aims to raise that production to 645 million cubic feet per day, the project's manager Gonzalo Antonio Carrillo told an energy conference in Venezuela, as carried by Reuters. The companies also plan to improve…