Following the principle of technological neutrality, with diversification of energy sources, we can help to realise the transition to sustainable, secure and affordable energy.
Energy diversification is the basis of our strategy to achieve the Net Zero target whilst ensuring security of supply and access to energy for a world that is growing both demographically and economically.
Our current energy mix confirms the centrality of natural gas as a pillar of energy supply security and a support for energy transition, when taken alongside the development of bioenergy and renewable energies.
New vectors like hydrogen complement existent ones. At the same time, we invest in technological research to find alternative energy sources such as “magnetic confinement fusion” which could change the energy world forever.
Achieving “Net Zero” by 2050 means that we must continue with the progressive decarbonisation of the Oil & Gas industry.
With this in mind, more opportune reservoirs play an increasingly relevant role in the more efficient development and production of new resources, enable the implementation of renewable energies to electrify production activities and the implementation of CO2 capture and storage projects (CCS)
The combination of these three factors - efficiency, renewables and CCS - results in the reduction of scope 1-2-3 emissions.
Geosciences play a fundamental role in the management of these more opportune reservoirs in that they allow us to identify new resources already present therein, and which can be brought into production through existing infrastructures. They are also a means of identifying depleted reservoirs which are most suitable as CCS (carbon capture and storage) plants and then to manage them effectively.
Our Oil & Gas portfolio increasingly relies on natural gas for its lower carbon footprint.
Our strategy puts an emphasis on renewables to support energy diversification and reduce emissions with a Net Zero target by 2050.
The development of bioenergy, through the cultivation of biomass and the production of biomethane, plays a key role in our energy mix
We are engaged in the entire value chain: from the exploration, development and extraction of natural gas and oil to the generation of electricity from cogeneration and renewable sources, including biorefining, refining and chemistry, both traditional and from renewable sources.
Our activities extend to the end markets, where we sell gas, power and other products to local markets and to retail and business customers, to whom we also provide energy efficiency and sustainable mobility services.
Peers considered are the following: TotalEnergies, BP, Royal Dutch Shell, Equinor, Exxon Mobil, Chevron, ConocoPhillips, Apache, Marathon Oil and Occidental Petroleum.
Eni’s main achievements in 2023.
Annual Report 2023(millions cubic feet per day) natural gas production (+2% compared to 2022)
(billion cubic meters) annual natural gas sales in 2023 (vs 60.52 in 2022)
(billion cubic meters) annual LNG sales in 2023 (vs 9.4 in 2022)
installed capacity from the group’s renewable sources (>35% vs 2022)
biorefining capacity
A network of alliances with producing countries and cooperation agreements with international partners solidify our global portfolio.
A diversified energy mix is possible thanks to the high technological content that we offer all along the value chain: from the exploration, development and extraction of natural gas and oil, to the generation of electricity from cogeneration and renewable sources, including traditional and ecological refining and chemistry and the development of circular economy processes.
Applications
Eni's innovation spans several sectors considering the entire value cycle.
Products, services, solutions
The technologies developed by research are aimed at offering concrete benefits for people.
Eni develops technologies to produce decarbonized electricity from sun and wind for domestic and industrial consumption. Eni also develops technologies to store electricity for industrial applications (flow batteries). Once it is brought to an industrial level, energy from fusion will also generate large amounts of clean electricity.
Eni develops systems that use solar radiation to produce heat, store it and reuse it in industrial processes or to produce electricity. Once it is brought to an industrial level, energy from fusion will also generate large amounts of clean thermal energy.
Eni has developed and is perfecting technologies and processes to obtain quality biofuels from lignocellulosic waste, used cooking oil, organic household waste and from crops on marginal land not competing with the food chain.
In circular chemistry, Eni has developed technologies and processes to obtain new materials and products using renewable raw materials of plant origin and plastic waste. For example, Hoop (TM) is a process that enables the complete chemical recycling of plastics.
Eni studies the main technologies for the recycling of end-of-life products to recover critical materials, in order to develop innovative and sustainable recycling processes and promote environmentally friendly product design (eco-design).
Eni is pursuing projects to capture CO₂ emitted by hard-to-abate industries and store it in depleted gas fields. In partnership with other companies, it is also developing a process to reuse it in products for the building sector through mineralisation.
Through Eni Rewind, Eni carries out environmental remediation on sites contaminated by past industrial activities (including those of other companies). Through research, it perfects processes to recover polluted soil and systems to purify groundwater.
Eni.com is a digitally designed platform that offers an immediate overview of Eni's activities. It addresses everyone, recounting in a transparent and accessible way the values, commitment and perspectives of a global technology company for the energy transition.
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