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  "documentTitle": "2026 Capital Markets Update",
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  "notes": "Includes a sidebar with financial projections and a footer with page number.",
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      "text": "RESILIENT RESULTS WITH UPSIDES ~€1.0 bln 2026 GGP pro-forma EBIT ~€1.0 bln avg 2027-30 GGP pro-forma EBIT Upside linked to market scenario and positive negotiation outcomes GGP strongly accretive to ROACE targets",
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      "text": "RESILIENT RESULTS WITH UPSIDES: ~€1.0 bln 2026 GGP pro-forma EBIT; ~€1.0 bln avg 2027-30 GGP pro-forma EBIT. Upside linked to market scenario and positive negotiation outcomes. GGP strongly accretive to ROACE targets.",
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      "text": "LNG CONTRACTED VOLUMES | MTPA",
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      "text": "Supply Indexation: predominant share anchored to gas and LNG market indexes, well-balanced Brent-linked quota and minor exposure to HH. Europe as anchor market: captive and legacy sales portfolio. Long term sales to “broader Asia” to partially hedge Brent and HH exposure. Maintain optionality to capture short/mid term opportunities in a volatile market. Residual price risk managed through price revisions and financial hedging",
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      "text": "GLOBAL GAS & LNG PORTFOLIO",
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      "text": "ADDITIONAL VALUE DRIVERS",
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