BRAND IDENTITY
The Six-Legged Dog: Eni's brand identity and history
- COMPANY
- ACCESSIBLE ENERGY
- ACTIVITIES AROUND THE WORLD
Company
Governance
Sustainability
Vision
Actions
Products
Vision Go to
Actions Go to
Energy Diversification
Technologies for the transition
Technologies for the transition Go to
Partnership for innovation
Activities around the world
Investors
Media
Careers
Neptune: the value of the transaction
The Neptune acquisition, which took place in January 2024, consolidates our ability to produce and distribute natural gas, assuming strategic value. Eni has acquired the whole Neptune portfolio, with the exception of the activities in Norway acquired at the same time by Vår Energi (which Eni holds 63% of) and the activities in Germany that were spun off from the scope.
The strategic connotation of the transaction is significant and will allow us to integrate activities in key geographic areas in Western Europe, North Africa, Indonesia and Australia that are highly complementary to our business, increasing the share of natural gas in the production mix to 60% by 2030. The acquisition allows us to access new opportunities in terms of the capture and storage of CO2 (CCS) and to continue on the path towards zero net emissions (Scope 1 + 2) in the upstream business by 2030.
The acquisition fits into our strategy of providing affordable, secure and low-emission energy, for which natural gas remains an important source.
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The optimisation of the portfolio supports the satellite strategy
Neptune’s acquisition proves the efficacy of our satellite model in that the deal was sealed thanks to the participation of Vår Energi. Eni has adopted the satellite model, based on the creation of independent corporate entities in order to support its industrial transformation and respond effectively to the challenges of the energy trilemma. The satellites are able to independently access specialist capital to finance their growth in key sectors and, as a result, Eni’s overall growth.
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Natural gas: all the more central to our production mix
A versatile source that is able to support the journey towards decarbonization.
Gas and the energy transition
Gas is the fossil fuel with the lowest carbon footprint and, alongside renewables, it can support the progressive decarbonization of energy production.
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Gas in the energy scenario
From electricity generation to domestic and industrial heating and on to its use as a fuel in the mobility sector, gas remains at the centre of the energy evolution process.
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