Eni to invest in the UK and help to develop innovative technology
London, 25 January 2024, (Oilandgaspress): – The Secretary of State for Energy Security and Net Zero of the United Kingdom, Claire Coutinho, met with Eni Chief Executive Officer Claudio Descalzi in London. The two parties discussed Eni’s activities and plans in the UK, which span across the entire energy value chain. Eni reiterated its intention to continue contributing to the UK’s energy security – as reinforced with the 2023 Neptune acquisition – as well as confirming its role as a key partner in the country’s Net Zero transition.
The meeting was an occasion to discuss the ongoing investments Eni is mobilising in the carbon capture and storage (CCS) sector, with its two ground-breaking projects HyNet North West and Bacton Net Zero. These projects will help decarbonise the UK’s hard-to-abate sectors, contributing to reaching the country’s 2030 targets, while creating new job opportunities and ensuring the long-term competitiveness of UK industries.
Eni’s activities in the offshore wind sector via Plenitude’s participation in Vårgrønn were also discussed, with Dogger Bank, Cenos and Green Volt projects capable of generating clean electricity in excess of 5 GW and also helping the decarbonisation of North Sea oil and gas platforms. The parties also discussed Eni’s plans to expand its magnetic fusion initiatives in the UK.
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