The history of the six-legged dog is closely bound to Africa, past, present and future: it is the continent where Eni took its first steps outside of Italy in 1954. The world’s oldest continent, where human life originated, today with almost 70% of its population under 30 years of age, Africa is assuming an increasingly strategic role in the international landscape, both geopolitically and economically. While North Africa is beginning to face the challenge of the energy transition, sub-Saharan Africa is still immersed in the challenge of energy access, from which hundreds of millions of people continue to be excluded. This concerns in particular access to clean forms of energy (e.g. clean cooking), which is one of the keys to improving the quality of life of communities and promoting their development. Complex challenges for a continent whose rapid economic and demographic growth requires ever greater amounts of energy, and where the energy transition will require the exploitation of its abundant resources, starting with gas, which, thanks to its lower emission impact compared to other fossil fuels, is an ideal bridge fuel on the way to decarbonising the energy mix.
Products and Services
The past, present and future of the company
New energies from the African continent
A new oil&gas discovery in Algeria
On 7 September 2022 we acquired BP’s business in Algeria, operating two major gas fields “In Amenas” and “In Salah”. In March 2022, we announced a significant oil and associated gas discovery in the Berkine North Basin in the Algerian desert. We have been present in the country since 1981, operating several mining concessions.
The strategic partnership with Algeria and Sonatrach was marked in December 2021 with the signature of a memorandum of understanding for energy transition, aiming to assess the opportunities in the field of renewables, hydrogen, CO2 storage, biorefining and other decarbonization initiatives.
In Angola with the joint venture Azule Energy
In March 2022, we signed an agreement with BP to form a new international energy company Azule Energy, Angola’s largest producer, holding stakes in 16 licenses, as well as participating in the Angola LNG JV.
Through Azule Energy, we will contribute to developing the country’s potential in the oil exploration and production sector, and at the same time we will work to exploit the opportunities offered by the energy transition, through the increasing role of gas and renewables in our portfolio.
In Congo for energy transition
Promoting the country’s decarbonization process, in October 2021 we signed a memorandum of understanding for the joint development of bio-refining agro-feedstock.
The agreement marks a new area of activity for Eni in the Republic of Congo, based on the commitment to contribute to the decarbonization of the energy mix in African countries, leveraging the contribution biofuels can offer to achieve carbon neutrality by 2050.
Extending the biofuel chain in Mozambique
We recently signed an agreement with the country’s Ministry of Agriculture and Rural Development to launch the production of oil seeds and vegetable oils to be used as agro-feedstock for the production of biofuels.
We have been present in Mozambique since 2006. Here we launched the Coral South and Rovuma LNG projects for gas production and liquefaction. Cooperation for the development of agricultural projects is a major step in promoting local development and accelerating the energy transition in the countries that host us.
Eni’s support for Natural Climate Solutions
In our decarbonization strategy, nature-based solutions play an important role in offsetting residual GHG emissions.
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A new energy for the Africa of today and tomorrow
The energy transition on the African continent depends on biofuels, agreements on new energy sources and alternative forms of production.
The Africa of renewable energy
Eni's investment in the renewables in Africa increases to facilitate the energy transition of the continent.
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The main development projects on the African continent
Coral South, a model for Mozambique
Coral South, the first project initiated in Mozambique, is developing the gas resources discovered in offshore area 4 in the Rovuma Basin.
The project involves producing and selling gas from the southern part of the Coral field, using a floating plant for liquefying natural gas (LNG) with a capacity of 3.4 million tonnes, linked to six subsea gas producing wells.
Zohr
The Zohr field is believed to be the largest-ever gas discovery in Egypt and the Mediterranean.
As of December 31, 2021, Eni’s proved reserves booked at the Zohr field amounted to 706 mmboe.
The Hinda Integrated Project
We help improve living conditions and socio-economic development in villages in the Hinda district in Congo.
Thanks to the professional training centre for farmers CATREP we support the development of agricultural activities in the area.
New energy for economic diversification in Africa
In Nigeria, Ghana, Kenya and Mozambique we have started several programmes for young entrepreneurs, offering them training and financial support.
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Kenya's green dream
Innovation and dynamism are the two driving features of the country's focus on a sustainable future, thanks to investments in renewables.
The Golden Age Beckons
Ghana was the first country in sub-Saharan Africa to gain independence from the UK in 1957. Gold, cocoa and oil are the sectors that fuel its economic growth. Future goal: energy independence.