Natural gas supports the energy transition

Natural gas is important for the security of energy supply and for reduction of GHG emissions. In the energy transition, GNL plays a key role.

The path to reliable, low-emission energy

Natural gas, among all fossil fuels, has the smallest carbon footprint.. The challenge is to further reduce its emissions by eliminating so-called fugitive methane emissions, the elimination of process flaring, the integration of renewables into production activities, the use of carbon capture, utilisation and storage (CCUS) technologies, Natural Climate Solutions projects and blue hydrogen production. In parallel, natural gas will be increasingly complemented by biogas.

In this context, gas plays a central role in Eni's strategy to achieve zero net GHG emissions (scope 1,2,3) by 2050, contributing to the goal of offering our customers increasingly decarbonised products and services. It remains a key element not only for Eni's business, but also to strengthen the security of energy supply.

The combination of these two aspects - reduction of GHG emissions and energy security - makes natural gas a major contributor to the energy transition. For these reasons, the gas component will become increasingly dominant in Eni's production mix, accounting for 60% of hydrocarbon production in 2030 and over 90% in 2050, in a context in which overall hydrocarbon production is expected to reach a plateau in 2025 and then decline over time.

The use of natural gas to improve energy access is also part of our commitment to the United Nations Sustainable Development Goals (SDGs). Adopting a lower-impact energy mix of gas and renewables is part of our energy access projects in the countries in which we operate, particularly in sub-Saharan Africa, where more than half a billion people do not have access to electricity despite the wide availability of energy sources.

The role of gas in energy security

In line with Eni's strategy of meeting each of the essential pillars of the energy trilemma, i.e. achieving environmental sustainability together with energy security and affordability, Eni is committed to diversifying its sources geographically and technologically, creating a different energy mix and thus ensuring energy security for its customers and the European system. The growth of contracted LNG is expected to exceed 18 million tonnes per year by 2026, which is twice as much as in 2022.

The increasing diversification of supply sources is boosted by the solid alliances we establish with producing countries and a fast-track and integrated project development approach.


Energy security, sustainability and accessibility

We aim to fulfil the three pillars of the energy trilemma, i.e. environmental sustainability, energy security and accessibility, by diversifying energy sources geographically and technologically.

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The CCUS and the reduction in GHG emissions

For the capture, storage and reuse of carbon dioxide, Eni has major projects under development using depleted reservoirs and the existing infrastructure. In 2025, storage operations will begin with HyNet North West in the UK, the first low GHG emission industrial cluster in the world, in which we are the lead partner through Eni UK, with an initial storage capacity of 4.5 million tonnes per year.

Eni is also pursuing a second project in the UK, making use of its depleted Hewett field, which will potentially be ready by 2027 and is aimed at decarbonising the Bacton and Thames Estuary areas, as well as pursuing opportunities in North Africa and the Middle East.

For Ravenna Phase 1, the development of which has recently begun, the start-up is scheduled for the beginning of 2024.