Eni and Zhejiang Energy sign gas MoU

Eni and Zhejiang Energy have signed a memorandum of understanding (MoU) that will underpin the development of joint initiatives across the gas and LNG value chain in China and internationally.

The MoU builds on the companies’ shared goal of reducing greenhouse gas (GHG) emissions from electricity generation operations by switching from coal to gas.

Using gas to produce electricity instead of coal reduces the GHG emissions of a power plant by as much as half, providing an immediate step forward in decarbonising the sector, reports Eni.

The MoU represents a further step in Eni’s energy transition process. The company recently launched a new strategy under which it plans to be carbon neutral in all its operations, processes and products by 2050. In the long term, gas – which will be increasingly decarbonised – will represent more than 90% of Eni’s production.