Under the agreement, Eni will work on reducing CO2 emissions by reducing routine gas flaring, fugitive emissions and exhaust air, among other possible projects. The group will also examine new solutions for the development of renewable energy and initiatives to increase energy efficiency.
Eni also announced that the group would work to identify additional gas deposits in existing fields “to develop them as part of an integrated project for the domestic market and possibly for export”.
According to Eni, it is the leading international gas producer in Libya with an 80 percent share of national production. In January, the company and Libyan National Oil Corp. announced the Structures A&E project, which will develop two gas fields off the Libyan coast and build a carbon capture and storage facility.
On the Italian stock exchange, the Eni share temporarily rose by 0.83 percent to EUR 13.188 on Thursday.
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