Eni signed a memorandum of understanding (MoU) for energy transition initiatives in Libya and met with the President of Kazakhstan to discuss gas valorization strategy and energy transition investments.
The aim of the MoU with Libya is to study and identify opportunities to reduce greenhouse gas emissions and develop sustainable energy in the country, the company said in a release June 7.
Under the terms of the memorandum, Eni will work on reducing CO2 emissions through the reduction of routine gas flaring, fugitive emissions and venting, as well as possible projects for the reduction of hard-to-abate sector emissions. In addition, new solutions for the development of renewable energy and initiatives for electricity efficiency in the country will be evaluated. Finally, the company will work on the identification of additional gas resources from existing fields, to be developed as part of an integrated project for the domestic market and potentially for export, Eni said.
Eni is the main international gas producer in Libya, with an 80% share of national production (1.6 bscfd in 2022). Production activities are operated through the joint venture Mellitah Oil and Gas BV (Eni 50%, NOC 50%). Equity production was 165,000 boe/d in 2022.
On June 8, Eni chief executive officer Claudio Descalzi and the President of Kazakhstan Kassym-Jomart Tokayev met to discuss Eni's current activities, future projects, and decarbonization initiatives in the country.
Following the meeting, KazMunayGas (KMG) and Eni partnered on a 250 Mw hybrid renewables-gas power plant project in Zhanaozen, Mangystau Region. The project, the first of its kind in the country, comprises a solar power plant, a wind power plant, and a gas power plant for production and supply of low-carbon and stable electricity to KMG subsidiaries in the area.
Eni has been present in Kazakhstan since 1992, where it is a joint operator of Karachaganak field and an equity partner in various projects in the Northern Caspian Sea, including Kashagan giant field. Eni is joint operator, with KMG, in the Abay exploration block. In the Kazakh renewables sector, Eni operates through Arm Wind, a Plenitude’s subsidiary, with an overall installed or under construction capacity of 150 Mw.