We have launched strategic projects for the decarbonisation of several industrial areas in the country and initiatives to capture and store carbon (CCS) in depleted fields, with the aim of achieving carbon neutrality. We are the lead company in the consortium delivering the HyNet North West project and have strengthened our role as the UK's leading CCS operator with the UK Government's announcement of an extension to the project and a national strategy to promote the competitiveness of CCUS. We are active in the production of electricity from offshore wind power thanks to the Dogger Bank project, which will be the biggest of its kind in the world when fully operational. We have launched the Bacton Thames Net Zero initiative with other companies to contribute to the decarbonisation of the most polluting industrial processes.
The Heads of Terms agreed with the UK Department for Energy Security and Net Zero (DESNZ) outlines an innovative economic, regulatory, and governance model for the transport and storage of carbon dioxide in the HyNet North West CCS industrial cluster and it is an important step towards its full operation, securing revenues to ensure returns on Regulated Asset Base (RAB) for CO2 transport and storage for companies in the north west of England and north Wales. Our goal is to transform one of the UK's most energy-intensive industrial areas into the first low-carbon industrial cluster in the world. The initiative will allow the construction of a hub that will use our depleted reservoirs located about 30 kilometers off the coast in Liverpool Bay, with start-up in 2025 and a target storage capacity of 10 million tonnes a year from 2030. We have also submitted an application to the UK authorities for an additional carbon dioxide storage license in the Hewett depleted gas field where we plan to develop a CCS project that will contribute to the decarbonisation of the Bacton and Thames Estuary area.
We operate in the offshore wind power generation market through Vårgrønn, a company 65% owned by Plenitude and 35% owned by the Norwegian HitecVision fund. The company holds a 20% stake in the Dogger Bank project, together with partners Equinor and SSE Renewables. Dogger Bank started production in October 2023 and is currently the largest marine wind farm under construction. The project is divided into three phases (A, B and C), each with a capacity of 1.2 GW, and involves the installation of 277 latest-generation 13 MW turbines at a distance of over 130 km from the country’s north-eastern coastline for a total capacity of 3.6 GW. When fully operational, Dogger Bank will be able to produce enough renewable electricity to supply approximately six million homes.
Moreover, Vårgrønn, together with its partner Flotation Energy, signed an ‘Exclusivity Agreement’ with Crown Estate Scotland in October for the development of two offshore floating wind farms with a capacity of up to 1.9 GW. The initiative is part of the INTOG (Innovation and Targeted Oil and Gas) leasing round whose primary objective is to supply renewable electricity to oil and gas platforms in the northern North Sea, with the aim of reducing asset emissions. The projects in question, named GreenVolt and Cenos, will also produce energy for the national power grid.
Eni UK operates the Liverpool Bay plants in the East Irish Sea Mare where we have launched initiatives over the years to safeguard biodiversity. We also operate the Hewett gas field, 19 miles off the coast of Norfolk, which is currently being decommissioned. We market natural gas through our subsidiary EGEM, which trades on the international gas, power, CO2 (our only trading platform for this market) LNG and Oil derivatives markets.
Below a selection of data about our activities in the country.
annual gas production (billion cubic feet)
annual hydrocarbon production (millions of barrels of oil equivalent)
the total capacity of the Dogger Bank project (A, B, C)
gas sales (billion cubic meters)
annual gas production (billion cubic feet)
annual hydrocarbon production (millions of barrels of oil equivalent)
the total capacity of the Dogger Bank project (A, B, C)
gas sales (billion cubic meters)
A snapshot of the most important steps we have taken to innovate and decarbonise the energy industry in the country.
The allocation of funds marks a crucial step towards the start of the operational phase of the initiative.
Combination with Ithaca Energy of most Upstream assets reinforces our commitment following the acquisition of Neptune Energy.
It is world’s first regulated CCS business: infrastructure and pipelines will be constructed and operated to manage and transport CO₂ to storage hubs.
The initiative is an important step towards the full operation of HyNet North West.
The CCS project would prevent a significant amount of CO₂ emissions
With this operation we enter the third phase of the world’s largest offshore wind farm currently under construction in the world.
The project will allow the construction of of the first carbon capture and storage (CCS) infrastructure in the United Kingdom.
The activity concerns an area located in the East Irish Sea, where depleted hydrocarbon reservoirs will be reused and the infrastractures converted.
We begin our exploration activities in the country through Eni UK.
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Upstream And Technical Services
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