- SUSTAINABILITY
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San Donato Milanese (Milan), 29 September 2016 - Eni and the Egyptian Authorities have agreed on a common strategy to implement a series of renewable energy projects in order to promote the development of a more sustainable energy mix in Egypt.
The implementation of renewable energy projects in the country will allow for a reduction in the use of natural gas in electricity generation. The gas made available through these projects could be used to expand the utilization of CNG (Compressed Natural Gas) as fuel in the automotive sector, in alternative to diesel or gasoline, thus generating a low-carbon cycle based on a gas-renewable energy mix.
The first project, a 50 MWp Photovoltaic Plant in Sinai, near Abu Rudeis Facilities, will be implemented with a fast track schedule through Petrobel, an equal joint venture between IEOC and the state company Egyptian General Petroleum Corporation (EGPC). The plant will be sanctioned next month and completed by December 2017.
With this initiative, the Egyptian authorities have confirmed their strong commitment towards the environment, based on the double positive effect of reducing the emission for power generation and utilizing a green fuel in the auto transportation system.
This partnership is also in line with Eni’s vision for a low-carbon future, based on the promotion of renewable energy as well as on the reduction of CO2 emissions by maximizing the utilization of gas, the cleanest fossil fuel, as the prime source for electricity generation and the automotive system.
Eni operates in Egypt in all the gas sectors, from production to utilization, including export facilities. The new positioning in the renewable sector will allow the company to maximize the gas value chain in the country.
Eni has been present in Egypt since 1954 where it operates through IEOC Production BV. The present equity production in the country is about 210 thousand barrels of oil equivalent per day.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.
A new window into Eni’s world, at your disposal. EnergIA is an innovative tool based on artificial intelligence capabilities, which can help you navigate the contents of eni.com, quickly finding answers to your questions.