Eni, Libya Sign MoU to Reduce GHG Emissions, Boost Sustainable Energy
07 Juni 2023 - 8:37PM
Dow Jones News
By Stephen Nakrosis
Italian energy company Eni signed a Memorandum of Understanding
with the government of Libya which will see the company study and
identify opportunities to reduce greenhouse gas emissions and
develop sustainable energy.
The agreement will see Eni work to reduce CO2 emissions by
reducing routine gas flaring, fugitive emissions and venting, along
with other possible projects.
Eni will also examine new solutions to develop renewable energy
and initiatives for electricity efficiency.
Eni also said it will work to identify additional gas resources
from existing fields, "to be developed as part of an integrated
project for the domestic market and potentially for export."
Eni said it is the leading international gas producer in Libya,
"with a share of 80% of the national production." In Jan., the
company and the National Oil Corp. of Libya said they were
launching the "Structures A&E" project, which will develop two
gas fields offshore Libya and construct a carbon capture and
storage facility.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 07, 2023 14:22 ET (18:22 GMT)
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