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Eni Announces 2022~2025 Strategic Plan

 Last Update: 2022-04-25
 Source: Internet
 Author: User

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Recently, Italy's Eni Group announced its strategic plan for 2022-2025, focusing on energy security and emission reduction, and increased its dividend for the year
.

Eni said the company aims to accelerate the pace towards carbon neutrality
.

Compared with 2018 levels, the company aims to cut emissions by 35% by 2030 and 80% by 2040

In the upstream portfolio, Eni aims to increase production by an average of 3% per year to reach around 1.
9 million barrels of oil equivalent per day by 2025
.

The goal is to increase the share of natural gas to 60% by 2030 and more than 90% by 2040, while reducing oil production in the medium to long term

The company said that over the planned period, the company will spend an average of 7 billion euros in capital expenditure per year, of which 7.
7 billion euros are planned for 2022
.

About 25% of capital expenditures will go to renewable energy and the company's customer base

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