Eni, Repsol Plan Gradual Capacity Hike at Venezuelan Gas Field

12:06 AM EDT, 04/28/2026 (MT Newswires) -- Eni (ENI.MI) and Repsol (REP.MC) are looking to gradually increase gas production capacity at the Cardon IV project in Venezuela, Reuters reported Monday, citing project manager Gonzalo Carrillo. Speaking at the Venezuela Energetica conference, Carrillo said the Italian energy group and its Spanish partner are looking to increase daily production to 645 million cubic feet, as a first step, from the current capacity of 580 million cubic feet. Carrillo did not provide a timeline for the target but said the approach will be step by step. Eni and Repsol did not immediately respond to requests for comments from MT Newswires.