The UAE’s Abu Dhabi National Oil Company (ADNOC) and Italy’s Eni have signed a Memorandum of Understanding (MoU) which outlines a framework of cooperation for future joint projects on energy transition, sustainability, and decarbonisation.
Through this agreement, Eni and ADNOC said they will explore potential opportunities in the areas of renewable energy, blue and green hydrogen, carbon dioxide capture and storage (CCS), as well as in the reduction of greenhouse gas and methane gas emissions, energy efficiency, routine gas flaring reduction, and the global methane pledge, to support global energy security and a sustainable energy transition.
In addition, the companies said they will evaluate areas of cooperation for sustainable development and promoting the spread of a culture of sustainability within the energy industry and its stakeholders.
Eni CEO Claudio Descalzi commented: “This agreement leverages the strategic relationship that Eni and ADNOC developed over the years, to strengthen our cooperation for decarbonisation and for a just energy transition. It comes at a crucial time, in a difficult international juncture and in view of the upcoming COP28, where the UAE, as hosting country, are expected to set out their vision for a clean energy transition agenda.”
In September 2022 the companies discussed the progress of Eni’s activities in the Emirate of Abu Dhabi, future projects, and areas of common interest and collaboration. Among other things, the companies analyzed initiatives aimed at strengthening the partnership in the frame of the energy transition.