Eurasia

From Spain to Kazakhstan, from Cyprus to Russia, we develop activities in Eurasia in the exploration and production, refining and sale, chemical and Gas & Power sectors.

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Straddling two worlds to consolidate the low-carbon strategy

The challenges we face

We are working to meet the continent’s growing demands for energy from sources with a low environmental impact, encouraging energy transition and keeping to the target of 2050 for carbon neutrality.

A super-continent that includes Europe, the Russian Federation and the countries of Central Asia is an immense and diverse area which, since the 1950s, has been central to our activities. This territory, which extends over 12 time zones and plays a role of primary importance in the global economy and politics, now has a key part to play in the 21st century’s changes and challenges. For Europe, this will mean a new drive to re-establish growth and stability and the renewal of infrastructure and digital innovation, as well as a green revolution – all part of a forceful plan to relaunch the economy and achieve the ambitious target of carbon neutrality by 2050. Where energy and the environment are concerned, the main challenge is having to develop more sustainable sources to meet growing energy needs, while maintaining the competitiveness of the industrial sector. Major oil producers such as Russia and the countries of Central Asia, lying at the crossroads between East and West, are now caught up in a renewed geopolitical “great game” in which the main issues at stake are the redefinition of economic and production models to meet the new global challenges associated with energy transition and the search for new outlets for marketing their hydrocarbons. Sanctions and restrictions have led Russia to seek joint ventures and new markets outside its traditional European stamping grounds. The Middle East, Africa and Asian markets, particularly China, are areas to which Russia is increasingly turning its attention.

Our strategy

We are aligned with the new European energy and environment policy, the thrust of which is to develop renewables. With this objective in mind, we have launched various projects designed to progress decarbonization.

In 1957, while the constituent treaties of the European Economic Community were being signed in Rome, Enrico Mattei was working on the idea of an energy strategy for Europe, turning Eni into a planning laboratory. Again today, through integration, efficiency and innovation, Eni is moving into line with Europe’s new energy and environment policy. Our activities in Europe are focused on the sale of electricity and natural gas, renewables, the distribution of increasingly green, blue and organic energy products, and from the renewables chemicals sector. Where renewables are concerned, during 2020 Eni became part of the world’s largest offshore windfarm project, in Great Britain, entering into a vital partnership to develop renewables projects for the northern European market. Also in 2020, we obtained the first licence for storing CO₂ in Liverpool Bay, supporting the United Kingdom in its own itinerary towards carbon neutrality and working with local industrial firms. Eni is playing a major role in procuring natural gas from Europe’s principal energy partners. We are one of the chief European partners of Gazprom and are working with the Russian Lukoil and Novatek companies on important overseas projects such as the Zohr field in Egypt, as well as in Mexico, the Congo, the United Arab Emirates, Montenegro and Lebanon. In Central Asia, we are active in Turkmenistan, where Eni is currently the only major oil company conducting operations, and in Kazakhstan, where we have been promoting the development of projects to generate electricity from renewable sources, in collaboration with other energy companies, since 2017.

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Exploration & Production in Eurasia 2020

in 2020
19mm boe
production in UK
∽ 82 mm boe hydrocarbons production in Eurasia
at 31 December 2020
60mm boe
hydrocarbons production in Kazakhstan
at 31 December 2020
1,182km²
total net acreage in Kazakhstan
in 2020
3mm boe
production in Turkmenistan

Gas sales by market rest of Europe 2020

at 31 December 2020
3.94bcm
sold in Iberian Peninsula
at 31 December 2020
4.59bcm
sold in Turkey
23.00 bcm sold in the rest of Europe
at 31 December 2020
5.01bcm
sold in France
at 31 December 2020
3.58bcm
sold in Benelux
at 31 December 2020
0.35bcm
in Germany/Austria
at 31 December 2020
1.62bcm
sold in UK

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The main development projects in Eurasia

Our operations in the area make use of the most advanced technological solutions to minimise environmental impact.

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Badamsha: our eolic project in Kazakhstan

We started the commercial production of  the wind power project Badamsha 1, with an overall capacity of 48 MW,  in march 2020.

The Badamsha 1 wind farm will be joined by a second, Badamsha 2, also generating 48 MW.

More about Badamsha
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Liverpool Bay: biodiversity and CO₂ storage

This project launched in Wales, in UK, has enabled us to preserve biodiversity and promote local development. SDGs: 11,13, 15

In Liverpool Bay we have created an operating model to safeguarded the area and create value for all the stakeholders involved. Soon we will realize a carbon dioxide storage in the area.

More about Liverpool Bay
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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.

 

More about Kashagan

Our operations

Our commitment to the energy transition takes shape in Eurasia with the decision to focus on gas and the development of new technologies that favour decarbonization.

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