Eneva is a Brazilian energy company with an integrated business model known as Reservoir-to-Wire (R2W), which combines natural gas exploration and production (E&P) with thermal power generation. Its operations are divided into the Upstream (E&P), Mid-Downstream (gas processing and trading), and Power Generation segments. Upstream, the company explores and produces natural gas in onshore fields, mainly in the Parnaíba and Amazon Basins. Eneva uses the gas it produces to supply its power generation complex, which is one of the largest thermal power parks in Brazil. In the Mid-Downstream segment, the company liquefies natural gas (LNG) and sells it to distributors and free customers, supplementing its portfolio.
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