Eni sees gas as long-term energy solution
The Italian IOC sharpens focus on gas but sees ‘no one solution’ to the energy transition
“The world’s demand for oil is expected to decline in the future,” Guido Brusco, Eni’s chief operating officer for natural resources, told Petroleum Economist. But “80% of global energy demand is satisfied by fossil fuels and it is hard to think that in the next ten or 15 years that will drop to the low levels forecast by some agencies.” However, Brusco does expect the widespread replacement of other fossil fuels with gas, as it is the cleaner alternative. He stressed that gas has a lower carbon footprint, plus the flexibility to support baseload power generation, "as the world needs to manage the intermittency of renewables". The combination of gas-fired generation and carbon-capture techno
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026