Italy’s oil major, Eni has disclosed investment plan in Nigeria’s deep water space,even as it expresses intention tosustain investment in the Liquified Natural Gas (LNG) sector.
The company currently holds a 10.4 per cent interest in Nigeria Liquified Natural Gas NLNG.
The Chief Executive Officer of Eni, Claudio Descalzi, stated these during a meeting with President Bola Tinubu during the week inAbuja.
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The meeting offered the company the opportunity to discuss its ongoing activities in Nigeria and outline new initiatives focused on energy transition and decarbonization.
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He highlighted Eni’s long-standing relationship with Nigeria, which began decades ago.
Eni remains committed to the country through significant investments that will be focused in deepwater projects, including Abo and Bonga, and Nigeria LNG. Eni’scommitment to Nigeria is also reflected inits social investment programs, which support education, healthcare, access topower, capacity building, and infrastructure development in hundreds of communities across the country.
The meeting also served as an opportunity to discuss Eni’s plans for economic diversification in Nigeria.
The plans include assessing the potential production of agri-feedstock for Enilive biorefineries, mainly sourced from agro-industrial residues. Additionally, Eni is evaluating various nature- and technology-based projects, such as clean cooking initiatives, to offset emissions.
Eni has been operating in Nigeria since 1962, actively engaging in hydrocarbon exploration and production, as well as power generation.
