The energy mix

Let’s embark on the transition towards a low-carbon future with a mix of natural gas and renewables.

We are an energy company

The world we are living in today no longer needs the big installations of the past. It has become increasingly nuanced, with energy no longer meaning just oil, carbon or gas, but something much more complex.

The energy sector’s reply to climate change: transformation

The Paris Agreement was adopted in November 2016 and, as outlined by the International Energy Agency (IEA), it is first and foremost an energy agreement. The energy sector bears a great responsibility in terms of greenhouse gas emissions: that’s why its transformation is crucial in order to reach the objectives set out in the agreement.

The transition towards a sustainable energy mix

Faced with a continuously evolving world where environmental challenges are becoming more urgent, Eni has decided to change the energy mix, combining natural gas and renewables. This model combines economic, social and environmental sustainability and responds to the growing demand for energy as well as the challenges of climate change. We are committed to a decarbonisation plan for business sustainability over the long term, which is based on three key elements:

reduction of carbon impact
low-carbon portfolio and promotion of natural gas as a transition source for electricity generation and power for transport
commitment to renewable energies

The combination of natural gas and renewables is the ideal solution for a low-carbon future, in addition to being the most efficient way to eliminate carbon in the generation of electricity.

Eni can substantially contribute to the decarbonisation of the system and the evolution towards a more sustainable energy mix that is cleaner and therefore more suited to the future.

Luca Cosentino, New Energy Solutions Direction

The role of natural gas in sustainable energy

Promoting the use of gas is a key part of Eni’s decarbonisation strategy. Based on IEA 2016 data, global energy demand will increase by 30 per cent between now and 2040. Gas is the best possible partner for renewables during the transition towards sustainable energy. Natural gas power plants are more efficient from an environmental standpoint as they produce about half the CO₂ emissions of coal power plants. In terms of cost, gas is a highly competitive resource; it is also reliable and safe. Therefore it is the best and most flexible energy source to use in the generation of electricity. Gas is also available and easy to access. Currently, 58 per cent of our portfolio features gas-related plans.

We wish to promote the development of renewable energies by supporting their distribution in countries where we are active and by stimulating technological research.

Claudio Descalzi

Renewable energies: our know-how can boost efficiency

We have been active in the field of renewables in Italy and around the world for 35 years. The development of renewable energies in the countries where we operate is crucial for the development of our low-carbon business model. In 2015 we created New Energy Solutions, which aims to launch large-scale projects for the production of energy from renewable sources both in Italy and abroad. This new unit does not offset Eni’s oil and gas operations but represents an integrated way to grasp opportunities that create value over the long term. In 2016 we promoted projects that generate energy from renewable resources based in our plants in Italy as well as countries where we operate in Africa and Asia that show great potential. The goal? To improve our energy efficiency and contribute to energy access.