Eni Highlights Methane Reduction Achievements in Report

Eni Highlights Methane Reduction Achievements in Report
Eni reported that its direct methane emissions more than halved over the past six years.
Image by No-Mad via iStock

Italy’s Eni S.p.A. has published its first dedicated Methane Report 2024, which details its actions to reduce methane emissions across its operations and how the company shares this expertise with others in the sector.

The report is a “milestone that underscores the company’s commitment to transparency and reducing global methane emissions,” Eni said in a news release.

Eni said it believes that 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. Targeting to cut methane leakage in the natural gas value chain, it has developed monitoring and mitigation technologies, used them in the field, and implemented “an increasingly reliable reporting system aligned with international best practices”. The company said it is targeting near zero methane emissions by 2030.

In line with the evolving international guidelines defined by the Oil & Gas Methane Partnership 2.0, Eni said it uses the best available technologies on the market, most of which exploit methane optical characteristics (light absorption in the infrared spectrum) to assess its concentration in the air and to compute the emitted flow rate using local weather data.

Eni reported that its direct methane emissions more than halved over the past six years, and that it was able to achieve a 95 percent reduction in fugitive methane emissions and an 86 percent reduction in methane intensity across its upstream operations in 2023 since 2014. From 2022 to 2023, Eni also reduced methane emissions in its upstream business by 20 percent. It added that its upstream methane intensity of 0.06 percent places the company among the leaders in the industry.

Eni is a founding member of the UNEP Oil & Gas Methane Partnership (OGMP), the Oil and Gas Climate Initiative (OGCI), and Methane Guiding Principles (MGP) and actively participates in expert groups with international organizations, institutions, nonprofit organizations, academia and industry associations, such as IPIECA and IOGP. The company stated that these collaborations have helped define the scale of the methane emissions issue with increasing accuracy, develop best practices for monitoring, reporting, and verification, and foster the deployment of new technologies for monitoring and abatement of emissions across the sector.

Eni is a signatory of the Oil & Gas Decarbonization Charter (OGDC), a milestone initiative launched at COP28 that will help align the sector towards transparent and concrete actions to reduce emissions, including methane and flaring. The company has signed collaboration agreements with national oil companies (NOCs), including EGAS, Sonatrach and SOCAR, aimed at sharing its industry-leading experience in methane management to enable methane reduction across the sector.

Eni CEO Claudio Descalzi said, “We are proud to publish the Methane Report 2024, which highlights Eni’s role as a pioneer in the implementation of methane management approaches”.

“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,” Descalzi added.

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