A super-continent comprising Europe and the countries of Central Asia. An immense, multifaceted space that has been the focus of our efforts since the late 1950s. This territory, which spans 12 time zones and has played a major role in the world economy and politics, is now at the heart of the transformations and challenges of the 21st century. For the EU, these include the need to boost growth and stability by acting on infrastructure and digital innovation, but also through a green revolution as part of a powerful economic recovery plan and an ambitious 2050 climate neutrality target. From an energy and environmental point of view, the main challenges relate to the implementation of new low-emission technological solutions and the secure, economically competitive supply of energy, which is essential to support economic and industrial development. Faced with the difficulties caused by the Covid-19 pandemic and the conflict in Ukraine, the aim is to transform these crises into opportunities for relaunching the ambitious green agenda, through a sustainable economic recovery and the diversification of supplies, reconciling long-term climate targets with immediate energy needs.
From Spain to Kazakhstan, we develop activities in Eurasia in the exploration and production, refining and sale, chemical and Global Gas & LNG Portfolio sectors.
Straddling two worlds to consolidate the low-carbon strategy
Our commitment in 2022 has strengthened our presence in this area.
in which we operate
941 mm boe
estimated net proved hydrocarbons reserves in Kazakhstan
3 Upstream projects
ongoing in Eurasia
countries where Plenitude operates
While the treaties establishing the European Economic Community were being signed in Rome in 1957, Enrico Mattei was working on an idea for Europe's energy strategy, turning Eni into a project laboratory. Today, through integration, efficiency and innovation, Eni remains in line with the new European energy and environmental policy. Our operations in Europe are focused on the sale of increasingly decarbonised energy products and services, including through the integration of renewables with our customer portfolio, renewable chemicals and biorefining of sustainable fuels. These are complemented by the procurement of natural gas from major European energy partners, as well as the traditional hydrocarbon exploration and production activities in countries where we have a long-standing presence such as Norway or the United Kingdom. In these countries, we are also working in the renewables sector and in strategic decarbonisation projects. With JV Vårgrønn, Eni intends to play a key role in the development of offshore wind in Norway and in other countries on the North Sea. On the other hand, in the United Kingdom we are a partner in strategic projects for the decarbonisation of major industrial areas in the country, and we are developing major carbon capture and storage (CCUS) projects in depleted fields, thus supporting the path towards carbon neutrality and actively collaborating with the local industrial base. In particular, we are lead company in the Consortium for the development of the HyNet North West project, which will become one of the first CCUS infrastructures in the United Kingdom, located around 30 km off the coast of Liverpool Bay. In Cyprus, where the company is present in seven licences, the most recent exploration successes have laid the foundations for developing further potential gas volumes in the region. These discoveries support Eni’s commitment to energy integration in the Eastern Mediterranean area and for the diversification of gas sources for Europe. Furthermore, in line with its growth and diversification strategy, through Plenitude Eni continues to increase the capacity for electricity generation from renewables in France and Spain, confirmed as two fundamental markets where we can increase our value through the integration between retail and renewables. Through recent acquisitions, Plenitude owns a photovoltaic park in northern France, a wind farm in the heart of Spain and a large project portfolio for the development of photovoltaic plants in both countries.
In Central Asia, Eni is active in Turkmenistan and in Kazakhstan, where since 2017 it has been engaged in promoting the development of projects for the generation of electricity from renewable sources thanks to important partnerships with other companies. Again in Kazakhstan, Eni has launched experiments and feasibility studies to develop agri-feedstock for the extraction of vegetable oils, a necessary raw material for the production of biofuels.
Exploration & Production in Eurasia 2022
Gas sales by market rest of Europe 2022
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The main development projects in Eurasia
HyNet North West: CO₂ storage in the UK
The first low GHG emissions industrial cluster in the world under development in the Liverpool Bay which we are involved in for CCS activities.
The key element will be Carbon Capture and Storage (CCS) or the geological storage of CO₂. Through the reconversion of existing infrastructure, carbon dioxide emitted by industries in the northwest of England and north Wales will be captured and permanently stored in exhausted hydrocarbon fields.
Badamsha: our eolic projects in Kazakhstan
In March 2022, Eni inaugurated Badamsha 2, a new wind farm (48 MW) in the region of Aktobe, and is building a 50 MW photovoltaic plant at Shauldir, in the Southern of Kazakhstan.
The new wind farm joins the first wind farm Badamsha 1, also generating 48 MW.
Kashagan: offshore oil and gas in Kazakhstan
The offshore oil and gas field was discovered in Kazakhstan in 2000. We began production of the first oil in 2013.
We treat the produced gas by sending it to the national state company, we manage the development phases of the field and the structure upgrading.
Eni's research is committed to the development of innovative technologies, making an effective contribution to the company's decarbonisation.