Eni is looking to spin off some of its stakes in oil and gas projects in Asia and Africa, putting aside more money for lower-carbon energy projects.
Eni is considering spinning off some stakes in oil and gas projects in Asia and Africa to have partners for their development while putting aside more money into lower-carbon energy projects, sources in the Italian major have told Reuters. For years, Eni has been taking a different approach to conventional and green energy development, unlike any of the other major international oil and gas firms.
Plenitude is active in the market of power generation including renewable energy sources, the sale of energy and energy solutions, and an extensive network of EV charging points. The Italian group also reached last month an agreement with major UK oil and gas producer Ithaca Energy to combine substantially all of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activities, in “a strategic move to significantly strengthen its presence on the UK Continental Shelf.
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