Eni announces that it has signed an agreement with Egyptian Electricity Holding Company (EEHC) and Egyptian Natural Gas Holding Company (EGAS) to assess the technical and commercial feasibility of hydrogen production projects in the country.
In particular, the parties will study joint projects for the production of green hydrogen, through the use of electricity generated from renewable sources, and of blue hydrogen, through the storage of CO2 in exhausted natural gas fields.
The study will also analyze the potential consumption of hydrogen on the local market and export opportunities. In addition, possible development and business schemes will be evaluated to implement the selected projects. Today’s agreement is part of the path that Eni has undertaken to reach the target of zero net emissions Scope 1, 2 and 3 by 2050 (Net GHG Lifecycle Emissions) and the cancellation of the relative emission intensity (Net Carbon Intensity), referring to the entire life cycle of the energy products sold.
It is also part of the Egypt strategy for the energy transition, which provides for the diversification of the energy mix as well as the development of projects for the production of hydrogen in collaboration with important international companies. Eni has been present in Egypt since 1954 and operates through the subsidiary IEOC Production.