Producing Oil & Gas with net zero greenhouse gas emissions by 2050

Man checks data on monitors

We are committed to decarbonizing our operations by progressively reducing methane emissions, routine flaring and by investing in energy efficiency. We plan to achieve net zero emissions (Scope 1+2) for the upstream business by 2030 and for all Eni businesses by 2035.

Reducing Methane Emissions

Methane emissions along the Oil & Gas production chain are the focus of considerable attention in the international climate debate, in view of their significant impact on climate change and the technical and economic feasibility of reducing emissions in the short and medium term. The main sources of methane emissions are unintentional releases into the atmosphere (i.e. fugitive emissions), the unburned fraction in flare gas and flue gas from combustion systems, and venting.

Eni’s Commitment

We confirm the stability of the upstream methane emission intensity below 0.2%, in line with the Oil and Gas Climate Initiative (OGCI) target of “well below 0.2%” by 2025, which Eni has already reached by continuing to focus in particular on reducing fugitive emissions and implementing projects to abate methane emissions from venting and flaring. Eni’s methane emissions decreased by more than 50% in 2022 compared to 2018, mainly due to the implementation of LDAR (Leak Detection And Repair) campaigns in almost all Eni-operated assets.

In 2022, together with OGCI, we helped launch the ​​Aiming for zero methane emissions initiative, which today has more than 90 member companies.

To ensure ever greater transparency in methane emission reporting, we are implementing a measurement plan at the sites we operate, using the best technologies available on the market in line with international guidelines under the OGMP 2.0 programme. This campaign will also allow us to set a new emission reduction target in 2024. ​​In 2023, Eni achieved the Gold Standard reporting level, which recognises our robust implementation plan for emissions reporting in line with the OGMP 2.0 programme.

 

Press release | Eni receives Gold Standard recognition from United Nations for commitment to reducing methane emissions

 

An Eye on Methane: International Methane Emissions Observatory 2023 Report

Reducing Routine Flaring

Routine gas flaring is the flaring of process gas associated with oil production that takes place during normal operations in the absence of sufficient facilities/infrastructures to allow the produced gas to be reinjected, utilized on-site or dispatched to a market. This flared gas is a significant source of CO2 and methane emissions; if recovered, it could be used to replace more carbon-intensive fuels, helping to improve access to energy and, consequently, global energy security.

Eni’s Commitment

We confirm our commitment to progressively reduce routine flaring and to bring forward to 2025 the “Zero Routine Flaring” target set by the World Bank’s Global Gas Flaring Reduction Partnership (GGFR) for 2030.

Eni has successfully implemented various gas valorization projects aimed at generating electricity for local communities, for domestic consumption or for export, and others are under way. Thanks to these projects, routine flaring has been reduced by about 35% from 2014 to 2022.

Investing in Energy Efficiency

Energy efficiency is a key element of Eni’s decarbonization strategy as it facilitates the reduction of energy consumption and consequently of CO2 emissions.

In the coming years, in addition to intensive analysis of consumption through energy audits, which now cover almost all operated assets, we plan to progressively extend ISO 50001 certification to the most energy-intensive companies and plants. Adoption of Best Available Technologies from the initial design phases, integration of renewable energy, digitalisation of processes and optimisation of our operations are the main pillars of this process, which aims to continuously improve the energy performance of our assets and reduce our carbon footprint.

Reducing Methane Emissions

Methane emissions along the Oil & Gas production chain are the focus of considerable attention in the international climate debate, in view of their significant impact on climate change and the technical and economic feasibility of reducing emissions in the short and medium term. The main sources of methane emissions are unintentional releases into the atmosphere (i.e. fugitive emissions), the unburned fraction in flare gas and flue gas from combustion systems, and venting.

Eni’s Commitment

We confirm the stability of the upstream methane emission intensity below 0.2%, in line with the Oil and Gas Climate Initiative (OGCI) target of “well below 0.2%” by 2025, which Eni has already reached by continuing to focus in particular on reducing fugitive emissions and implementing projects to abate methane emissions from venting and flaring. Eni’s methane emissions decreased by more than 50% in 2022 compared to 2018, mainly due to the implementation of LDAR (Leak Detection And Repair) campaigns in almost all Eni-operated assets.

In 2022, together with OGCI, we helped launch the ​​Aiming for zero methane emissions initiative, which today has more than 90 member companies.

To ensure ever greater transparency in methane emission reporting, we are implementing a measurement plan at the sites we operate, using the best technologies available on the market in line with international guidelines under the OGMP 2.0 programme. This campaign will also allow us to set a new emission reduction target in 2024. ​​In 2023, Eni achieved the Gold Standard reporting level, which recognises our robust implementation plan for emissions reporting in line with the OGMP 2.0 programme.

 

Press release | Eni receives Gold Standard recognition from United Nations for commitment to reducing methane emissions

 

An Eye on Methane: International Methane Emissions Observatory 2023 Report

Reducing Routine Flaring

Routine gas flaring is the flaring of process gas associated with oil production that takes place during normal operations in the absence of sufficient facilities/infrastructures to allow the produced gas to be reinjected, utilized on-site or dispatched to a market. This flared gas is a significant source of CO2 and methane emissions; if recovered, it could be used to replace more carbon-intensive fuels, helping to improve access to energy and, consequently, global energy security.

Eni’s Commitment

We confirm our commitment to progressively reduce routine flaring and to bring forward to 2025 the “Zero Routine Flaring” target set by the World Bank’s Global Gas Flaring Reduction Partnership (GGFR) for 2030.

Eni has successfully implemented various gas valorization projects aimed at generating electricity for local communities, for domestic consumption or for export, and others are under way. Thanks to these projects, routine flaring has been reduced by about 35% from 2014 to 2022.

Investing in Energy Efficiency

Energy efficiency is a key element of Eni’s decarbonization strategy as it facilitates the reduction of energy consumption and consequently of CO2 emissions.

In the coming years, in addition to intensive analysis of consumption through energy audits, which now cover almost all operated assets, we plan to progressively extend ISO 50001 certification to the most energy-intensive companies and plants. Adoption of Best Available Technologies from the initial design phases, integration of renewable energy, digitalisation of processes and optimisation of our operations are the main pillars of this process, which aims to continuously improve the energy performance of our assets and reduce our carbon footprint.

Targeting Net Zero emissions

Actions to reduce methane and flaring emissions and investments in energy efficiency are part of our operations’ decarbonization strategy, which sets Net Zero emissions targets in the short and medium term. We expect to achieve Net Zero Scope 1+2 emissions for the upstream business by 2030 (Upstream Net Zero) and for all Eni businesses by 2035 (Eni Net Zero).

 

The plan goes beyond the commitments made in the Oil & Gas Decarbonization Charter (OGD Charter), and is in line with the priorities of the COP28 Presidency, whose commitment we also support through OGCI, aimed at moving the entire oil & gas sector towards Net Zero emissions by 2050.

 

In addition, we announced we have joined Oil & Gas Decarbonisation Accelerator , the platform launched by the Presidency of Cop28 to demonstrate the Oil & Gas industry's concrete contribution to the decarbonisation process. First of all through the commitment to zero emissions for our operations by 2050.

Net Zero: our path to decarbonization

Our goal is carbon neutrality by 2050, with progressive targets across all sectors.

Actions for a joint commitment

We have initiated concrete collaborative and expertise-sharing measures to reduce emissions both through industry organisations and public-private partnerships, such as the Oil and Gas Climate Initiative (OGCI), Methane Guiding Principles, and the World Bank’s Global Gas Flaring Reduction Partnership (GGFR), as well as through bilateral agreements with producer countries and their national companies. Eni, as a member of OGCI, is a sponsor of OGCI’s ​​Satellite Monitoring Campaign program, which uses satellite technology to monitor 50 of the world’s most emission-intensive sites, facilitating the identification of solutions to reduce methane emissions. Through its investment in ​​OGCI Climate Investment, Eni has contributed to the development of technologies that can identify and monitor methane emissions.

 

Eni has also joined the World Bank’s Global Flaring and Methane Reduction Fund to support the reduction of methane flaring and venting in high emitting and low income countries.

 

To support national oil companies’ decarbonization initiatives, we have started collaborations with Sonatrach in ​​Algeria and with the Egyptian Natural Gas Holding Company (EGAS) ​​in Egypt on field activities and training programmes focused on flaring reduction and the measurement, mitigation and reporting of methane emissions.

 

Specifically, with our Algerian partner Sonatrach, we have concluded strategic agreements for the reduction of greenhouse gas and methane gas emissions, which include the launch of energy efficiency initiatives, the development of renewables, hydrogen production, and carbon ​​capture and storage projects.

Eni for 2022 - Sustainability performance

See the GHG emissions data reported in the Eni for 2022 - Sustainability performance document



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