Energy diversification, more sources for a single energy

In line with the principle of Technological Neutrality, diversifying energy sources provides an opportunity to 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. 

The diversified utilisation of this variety of sources is expressed both technologically and geographically through:

Activities across our different business sectors

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. 

How geosciences can help to reduce Oil & Gas emissions.

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. 

The production cycle involves the entire value chain

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.

Latest results

Eni’s main achievements in 2023.

Annual Report 2023
4,635
mmcf/d

natural gas production (+2% compared to 2022)

50.51
bcm

annual natural gas sales in 2023 (vs 60.52 in 2022)

9.6
bcm

annual LNG sales in 2023 (vs 9.4 in 2022)

3
GW

installed capacity from the group’s renewable sources (>35% vs 2022)

1.65 mln
ton/y

biorefining capacity

Annual Report 2023

Energy security also relies on multiple geographical sources

A network of alliances with producing countries and cooperation agreements with international partners solidify our global portfolio.

High technology throughout the global value chain

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. 



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