Italian major Eni announces the publication of its first dedicated “Methane Report 2024.” The standalone report recognizes the key role abating methane emissions within the oil and gas sector can play in the fight against climate change. It details Eni’s actions to reduce methane emissions across its operations and how the company shares this expertise with others in the sector.
Eni said it believes natural gas has a role in the energy transition pathway to 2050 because of its affordability, reliability, versatility, and low carbon content compared to other fossil fuels but added that global action is needed to eliminate methane leakage throughout the natural gas value chain.
“We are proud to publish the Methane Report 2024, which highlights Eni’s role as a pioneer in the implementation of methane management approaches,” said Claudio Descalzi, CEO of Eni. “Our strong focus on methane emissions abatement, coupled with the application of new technologies, has positioned Eni as an industry leader and significantly reduced our methane emissions over the past decade. We are now pleased to apply our own learnings in partnership with others in the sector and supply chain, to help deliver meaningful methane reductions across the oil and gas value chain. As we look to the future, our commitment remains firmly fixed on delivering our target of near-zero methane emissions by 2030”.
The recently released report says
- Eni Group’s direct methane emissions more than halved over the past six years (2018–2023).
- Upstream methane intensity of 0.06% places Eni among the leaders in the industry.
- Fugitive methane emissions have reduced 95% and methane intensity has fallen 86% across the company’s upstream operations in 2023 since 2014.
- Eni’s upstream business saw a 20% reduction in methane emissions from 2022 to 2023.