Brief: Eni estimates Italy fuel price cap impact at several hundred million euros a quarter
BRIEF-Eni estimates Italy fuel price cap impact at several hundred million euros a quarter Oct 23 (Reuters) - Eni executives ENI.MI tell a post-result conference call:
60% OF SHIPPING WE DO IS UNDER LONG-TERM AGREEMENT, MITIGATING IMPACT OF RAISING SHIPPING COSTS
VENEZUELA JUNIN 5 OIL FIELD WILL LIKELY REACH 200,000 BARRELS OF PRODUCTION IN 18-24 MONTHS
IMPACT OF CAP ON FUEL PRICES IN ITALY IS ESTIMATED AT FEW HUNDRED MILLIONS OF EUROS PER QUARTER
RETAIL MARKET CONDITIONS WERE PARTICULARLY CHALLENGING FOR PLENITUDE
PLENITUDE HAD TO BUY POWER ON SPOT MARKET DURING SUMMER DUE TO SPIKE IN CUSTOMER'S DEMAND
GROUP HAS SUBMITTED DEVELOPMENT PLAN FOR VENEZUELA GAS FIELD PERLA
FINAL INVESTMENT DECISION ON VENEZUELA'S PERLA FIELD WILL COME ONCE GOVERNMENT HAS APPROVED DEVELOPMENT PLAN
Further company coverage: ENI.MI
(Reporting by Milan newsroom)
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