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Claudio Descalzi
Claudio Descalzi ENI.MI
Chief Executive Officer and General Manager, Eni
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COLDIRETTI FORUM 2026 | ENERGY AND INNOVATION WITH CLAUDIO DESCALZI (ENI)

📅 Oct 22, 2026 Coldiretti 10 MIN 3 VIEWS 17 SEGMENTS · 2 SPEAKERS
Energy and innovation are two major themes of our time, according to Eni CEO Claudio De Scalzi.

What Claudio Descalzi said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Claudio Descalzi, CEO of Eni, addressed the Coldiretti Forum via video, outlining a deep energy crisis marked by over a decade of underinvestment in traditional sources. He detailed the loss of 150 billion cubic meters of Russian gas, additional LNG from Qatar and Abu Dhabi, and the impact on refining. He noted prices held despite demand exceeding supply by 2 million barrels per day due to strategic reserve releases, including Europe's 100 million barrels. Descalzi highlighted Europe's refining weakness, with over 30 refineries closed, and criticized the IEA's surplus forecast. He argued for additive, not substitutional, energy transitions, citing Eni's investments in biofuels, CO2 capture, and nuclear fusion. He called for non-ideological policy and warned against relying on subsidies and price caps.

Key takeaways

  1. Eni CEO warns of a deep energy emergency, the worst in 40 years, requiring investment in refining and technology.
  2. Over 30 refineries closed in Europe, six in Italy; Eni converted its Italian refineries into biorefineries.
  3. Descalzi criticizes IEA's forecast of a 2.7 million barrel per day surplus by 2027 as unclear and distracting from investment needs.
  4. Eni has invested for over 12 years in nuclear fusion, plus in CO2 capture and quantum computing.
  5. Descalzi argues energy sources are additive, not substitutional, and transformation must optimize investments.

Numbers and commitments

FigureWhat it refers toTypeAt
150 billion cubic meters Russian gas missing in Europe per year metric 2:03
120 billion cubic meters LNG from Qatar and Abu Dhabi added per year metric 2:03
20 million barrels Total barrels added, including 5 million petroleum products metric 2:03
50% Recovery of flows through Hormuz in September metric 2:46
$20-30 per barrel Additional costs per barrel due to freight and insurance metric 2:46
2 million barrels per day Demand for crude oil exceeding supply metric 3:21
100 million barrels Strategic reserves released by Europe over next 4 months commitment 3:21
2.7 million barrels per day IEA's projected supply surplus by 2027 metric 5:02
12 years Eni's investment period in nuclear fusion metric 9:31

Chapters

  1. 0:00Greeting and apology for absence
  2. 1:26Fragility of the energy system
  3. 2:03Impact of Russian gas loss and LNG
  4. 2:46Hormuz flows and price effects
  5. 3:21Oil demand and reserve releases
  6. 3:59Refining weakness in Europe
  7. 5:02Critique of IEA forecast
  8. 5:35Underinvestment from past forecasts
  9. 6:07Emergency measures and causes
  10. 6:49Need for investment and policy
Host 0:00 ↗
To another issue on our agenda that is no less important, because we spoke earlier about energy, in short, we spoke about our presence in the energy sector. This presence has always been managed by Eni in Italy and abroad. There are those who have said in the past, my colleagues have written, that the Foreign Ministry in many countries of the world, especially in the third world, is Eni. There is this work that has been done in recent years; Eni has held its ground, as they say, in these years. CEO Descalzi is with us because he sent us a video in which he explains what he is doing and above all what Eni intends to do. Let's watch it together.

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Cite this transcript

APA, MLA, BibTeX
APA

Descalzi, C. (2026, October 22). COLDIRETTI FORUM 2026 | ENERGY AND INNOVATION WITH CLAUDIO DESCALZI (ENI) [Interview transcript]. Coldiretti. CEOInterviews.AI. https://ceointerviews.ai/interview/3112382/

MLA

Claudio Descalzi. "COLDIRETTI FORUM 2026 | ENERGY AND INNOVATION WITH CLAUDIO DESCALZI (ENI)." Coldiretti, 22 Oct. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3112382/.

BibTeX 
@misc{descalzi2026_3112382,
  author       = {Claudio Descalzi},
  title        = {COLDIRETTI FORUM 2026 | ENERGY AND INNOVATION WITH CLAUDIO DESCALZI (ENI)},
  howpublished = {Interview transcript, Coldiretti. CEOInterviews.AI},
  year         = {2026},
  month        = {oct},
  url          = {https://ceointerviews.ai/interview/3112382/},
  note         = {Speaker-attributed transcript with timestamps}
}