>60
%
gas component in Upstream production in 2030
A key role in the net zero process is played by natural gas thanks to its flexibility and accessibility.
Natural gas acts as an essential aid to energy security and, due to its characteristics, can have an important role when it comes to progressively lowering the GHG emissions linked to energy production. Of the fossil fuels, it is the one with the lowest carbon footprint and offers a wide range of uses and solutions that enable its emissions to be further reduced. Mainly made up of methane, gas is an abundant resource with global reserves of more than 200 trillion cubic metres compared to global annual consumption which is equal to 4 trillion1. Its wide availability is coupled with a relative ease of transportation, ensured by a widespread network on land via pipelines and by sea in the form of liquefied natural gas, which promotes security of supply. Its versatility makes it a primary source of electricity and for domestic and industrial heating, as well as an increasingly used fuel in the mobility sector. Natural gas is also a raw material for the production of hydrogen and for the chemical industry, which uses it in crucial processes.
In our long-term strategy, the share of natural gas in Oil & Gas production will continue to increase, progressively replacing the resources with a larger carbon footprint.
Due to its lower carbon footprint compared to other traditional sources, gas can play a supporting role in the energy transition. Its flexibility of use also enables it to integrate effectively with renewables.
Natural gas has two important features that enable it to play a supportive role in the energy transition, managing to integrate traditional and renewable energy sources that supports the reduction of GHG emissions. The first is its minor carbon footprint compared to other fossil fuels, as methane combustion generates about 50% fewer emissions than coal. The second characteristic is the flexibility and speed of use that allows it to integrate effectively with renewable sources. The combination of low emissions and high flexibility makes natural gas an important source to help to meet the global energy demand while solidifying the transition path to a net-zero energy system. Gas, in other words, makes an effective contribution to satisfying the energy trilemma, i.e. to simultaneously ensuring energy sustainability, security and accessibility.
Renewable energies are by their nature intermittent because their actual production depends on the alternation of day and night and/or on weather factors that are difficult to predict. Since no energy storage system capable of compensating for this variability is currently available, natural gas makes it possible for the demand for electricity to be met at times when the sun and wind are not available. Gas-fired power plants have the technical flexibility of being switched on or off in a matter of seconds, meaning they come into production quickly and compensate for drops in production in renewables. A further level of integration between gas and renewables involves the gas production and transport activities themselves since, with the joint presence of photovoltaic or wind power plants, they can be powered by renewable energy and reduce their carbon footprint.
In order to reduce gas-related GHG emissions, Eni has adopted several innovative initiatives and technologies that encompass the entire value chain, from production to end-use of energy.
Reducing methane leaks: Eni is committed to identifying and minimising methane leaks along the entire value chain, from extraction to distribution. The actions are in line with the 'well below 0.2%’ target.
Reducing routine flaring: efforts continue to reduce routine flaring and to bring forward the World Bank's Global Gas Flaring Reduction Partnership (GGFR) 'Zero Routine Flaring' target for 2030 to 2025.
Energy from renewable sources: in order to achieve the Net Zero target, we are integrating more and more renewable energies into our energy mix. By investing in these and increasing production capacity, we aim to reduce dependence on fossil fuels and greenhouse gas emissions in our manufacturing operations.
Eni's Gas Sensor Node continuously monitors and measures fugitive methane emissions, enabling targeted interventions and regulatory compliance.
Find out moreDue to it always being more present in the decarbonization pathway, natural gas fulfils the role of enabler of the energy transition.