Reducing emissions linked to Oil&Gas production, contributing to the Net Zero target

Our commitment to the progressive reduction of emissions from our operations includes cutting methane fugitive emissions and routine or process flaring and venting, 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. Remaining emissions will be voluntarily offset through high quality carbon credits.

The topics presented at COP29, the United Nations Climate Change Conference held in Baku, the capital of Azerbaijan, highlight the global commitment to reducing emissions and implementing the joint initiatives introduced during COP28, to which Eni has committed. We are continuing to implement the collaborative actions signed with OGDC (Oil & Gas Decarbonization Charter), GFMR (Global Flaring and Methane Reduction, an initiative led by the World Bank), and OGCI (Oil and Gas Climate Initiative).

In addition, our transparent approach to methane emissions reporting has been recognised through the achievement of OGMP Gold Standard Reporting (Oil & Gas Methane Partnership 2.0). In 2024, we published the first Eni Methane Report, presenting emissions data in line with the initiative’s requirements.

In its first dedicated Methane Report, Eni acknowledges the importance of reducing methane emissions in the oil and gas sector to tackle climate change, while also recognising the role of natural gas in the energy transition. The report underscores our commitment to transparency and the reduction of global methane emissions, acknowledges the key role that decreasing methane emissions in the Oil & Gas sector can play in combating climate change and details Eni's actions to lower methane emissions across all its operations, as well as how we share this experience with other industry operators.

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).

At COP29, the Oil & Gas Decarbonization Charter (OGDC) published its first progress report, “The Oil & Gas Decarbonization Charter, 2024: A Baseline for Action”. The Collaborate & Share programme is a cornerstone of the OGDC’s efforts to accelerate climate action. 

This initiative complements Eni’s participation in the Global Decarbonization Accelerator, a platform launched by the COP28 Presidency to demonstrate the Oil & Gas industry's concrete contribution to the decarbonisation process.

We have launched tangible actions for collaboration and knowledge-sharing to reduce emissions, both through industry organisations and public–private partnerships such as the Oil and Gas Climate Initiative (OGCI) and the World Bank’s Global Flaring and Methane Reduction (GFMR), and via bilateral agreements with producing countries and their national oil 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. Moreover, over the 2023–2024 period in Algeria and Kazakhstan demonstrated the effectiveness of joint efforts and new technologies deployed with rapid results, such as the mitigation of three emission sources with an average of 3,200 kg/h of methane emissions. In 2024, OGCI expanded the campaign to include more countries and operators, doubling the number of assets and countries involved, with new areas added in Central Asia, North Africa and South America. Moreover, through the ​​OGCI Climate Investment, Eni has contributed to the development of technologies that can identify and monitor methane emissions. OGCI recognises that technological innovation plays a central role in combating climate change, combined with the promotion of collaboration between companies in the energy sector, first and foremost national oil companies.

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. Similar initiatives are taking place in Libya, the United Arab Emirates and Indonesia.

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. In 2024, Eni and Sonatrach completed a joint Energy Assessment project at the ZCINA site, a facility operated by Sonatrach in Algeria. The project reflects their shared commitment to identifying potential CO₂ reduction initiatives and implementing the best available technologies to achieve this goal.