Why is the energy industry shifting investment toward Southeast Asia and Latin America, according to Eni's CEO?

According to Eni CEO Claudio Descalzi, the energy industry is shifting investment toward Southeast Asia and Latin America in reaction to the prolonged disruption of shipping flows in the Strait of Hormuz; he stated that even after peace is established in the Middle East, the region's risk profile will remain higher than before, and that Russia and the Gulf region—including Iran—will not be able to make a significant contribution to energy supply for some time, with any future return to the market resulting in a fundamentally different landscape.

Which regions did Eni's CEO identify as promising for oil and gas development, and which two did he expect to attract large investments?

Eni's CEO Claudio Descalzi identified Southeast Asia, South America, and Africa as promising areas for oil and gas development, and specifically added that he expected the first two regions—Southeast Asia and South America—to attract large investments.

Eni CEO Says Energy Industry Shifting Investment to Southeast Asia, Latin America

Jul 16, 2026

Eni CEO Claudio Descalzi stated the energy industry is shifting investments to Southeast Asia and Latin America amid Strait of Hormuz disruptions. He noted traditional suppliers like Russia and the Gulf will face higher risks and reduced supply contributions.

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Eni CEO Says Energy Industry Shifting Investment to Southeast Asia, Latin America

Eni CEO Says Energy Industry Shifting Investment to Southeast Asia, Latin America

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