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    Eni CEO says gas market will be "difficult" for Europe through 2025

Summary

Eni CEO Claudio Descalzi said on Tuesday that the natural gas market will be "more difficult" for Europe this winter through 2025 due to a lack of supply from Russia.

by: Reuters

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Eni CEO says gas market will be "difficult" for Europe through 2025

HOUSTON, March 7 (Reuters) - Eni CEO Claudio Descalzi said on Tuesday that the natural gas market will be "more difficult" for Europe this winter through 2025 due to a lack of supply from Russia.

"This next year, and also in 2024 and 2025, will be more difficult because last year until July we relied on about 80% of the Russian gas," he told the CERAWeek conference in Houston.

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"Now there's no Russian gas at all." (Writing by Richard Valdmanis)