Eni's Filing Stays Silent on Reported $6.2B Umm Shaif Gas Cap Decision

The Wall Street Journal reported ADNOC and partners — naming TotalEnergies and CNPC — would proceed with a $6.2 billion gas cap project at the Umm Shaif field. But Eni's 2025 Form 20-F (published March 23, 2026) confirms none of it: not the decision, the figure, or the partners — despite Eni's 10% stake in the Umm Shaif and Nasr concession.