Statistics Norway has increased its forecast for Norway’s oil and gas investments in 2025 by 5.2

percent, totaling NOK 216 billion ($20.5 billion). This adjustment is attributed to higher growth

estimates for field development and exploration. The projection for 2025 suggests a nominal growth

of 19 percent compared to 2024. Production in the Hanz field and upcoming projects in the

Norwegian Barents Sea contribute to this growth. Despite optimism, concerns about future gas

exports to Europe post-2030 persist, prompting a focus on new gas discoveries and potential

expansions in export capacity. Additionally, the Norwegian Energy Ministry is encouraging

exploration in the Barents Sea, doubling production licenses offered in the region for APA 2024.

Cristian Signoretto, the current President of Proxigas, was elected last Friday during the General

Assembly as the President of Eurogas, the Brussels-based Association representing companies in

the gas sector from 28 European countries. Signoretto’s election signifies a significant opportunity

for both the industry and the Italian gas sector, enabling them to bring their extensive experience

and substantial support to shaping European energy policy. Following his Mechanical Engineering

degree from Politecnico di Milano and an MBA from Columbia University in New York, Signoretto

began his career at McKinsey. In 2007, he joined Eni, where he held various key roles in Eni’s Gas &

Power business, eventually becoming the Chief Gas & LNG Marketing and Power Officer. Presently,

he serves as the Deputy to the General Manager of Natural Resources and also as the Director of

the Global Gas & LNG Portfolio at Eni. Since 2022, Signoretto has been the President of Proxigas,

the leading association representing the Italian gas industry.