Energy diversification, more sources for one energy type

Diversifying sources according to the technological neutrality principle allows us to bring the transition to sustainable, secure and affordable energy to fruition.

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:

Complementary technologies for energy production

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A global network of agreements with producer countries

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Our activities in the different sectors in which we operate

Our energy mix confirms the centrality of natural gas as a support to the security of energy supply, in support of the energy transition, combined with the increase in installed capacity from renewable sources and the development of bioenergy.

 

New vectors such as hydrogen are joining traditional ones. We are simultaneously supporting research into completely new sources such as magnetic confinement fusion, thus potentially changing the world of energy forever.

The contribution of geosciences to the reduction of emissions in Oil & Gas

The process of progressively decarbonizing the Oil & Gas industry is central to achieving the Net Zero goal by 2050. In this respect, the advantageous reservoirs are increasingly relevant, i.e. those that, in addition to allowing the development and production of new resources with greater efficiency, enable the implementation of renewable energies to electrify production activities and the implementation of CO2 capture and storage projects (CCS). The co-location of these three factors: efficiency, renewables and CCS, means that the energy produced by these types of reservoirs has lower scope 1-2-3 emissions.

 

When it comes to managing advantageous reservoirs, geosciences are fundamental because they allow us to identify new resources within the reservoirs themselves, which can be brought into production by exploiting existing infrastructures. Geosciences also make it possible to identify those depleted reservoirs that, due to their characteristics and location, are most suitable for capture and storage plants (CCS) and, subsequently, to manage them in the best possible way.

Oil & Gas

Our Oil & Gas portfolio increasingly relies on natural gas for its lower carbon footprint.

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Renewable sources

Our strategy puts an emphasis on renewables to support energy diversification and reduce emissions with a Net Zero target by 2050.

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Bioenergy

The development of bioenergy, through the cultivation of biomass and the production of biomethane, plays a key role in our energy mix

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Hydrogen

The path to decarbonisation also includes H₂.

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Magnetic confinement fusion

A safe, sustainable and endless source of energy, and a turning point on the path to decarbonisation.

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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 2022.

Annual Report 2022
4,523
mmcf/d

natural gas production (-2.3% compared to 2021)

60.52
bcm

annual natural gas sales in 2022 (vs. 70.45 in 2021)

9.4
bcm

annual LNG sales in 2022 (vs. 10.9 in 2021)

2.3
GW

installed capacity from the group’s renewable sources (+50% compared to 2021)

1.1 mln
ton/y

biorefining capacity

Annual Report 2022

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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