Eni, ADNOC sign MoU on energy transition
The companies will cooperate in areas such as renewable energy, blue and green hydrogen, and carbon dioxide capture and storage, among others. [Image: Eni]By Shardul Sharma
Italy’s Eni and UAE’s ADNOC have signed a memorandum of understanding (MoU) which outlines a framework of cooperation for future joint projects on energy transition, sustainability and decarbonisation, Eni said on March 4.
Through this agreement, Eni and ADNOC will explore potential opportunities in the areas of renewable energy, blue and green hydrogen, carbon dioxide capture and storage (CCS), greenhouse gas and methane gas emissions reduction, energy efficiency, routine gas flaring reduction and the Global Methane Pledge.
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.”